Daily News: May 12, 2014

Guaranty Bank Provides Three Forks Revolver

Three Forks, an independent oil and gas exploration and production company with operations and assets in Colorado, Texas, Oklahoma and Louisiana, announced it has secured a $50 million revolving line of credit with Guaranty Bank and Trust Company. The initial borrowing base is set at $3.5 million.

“We’re pleased to be working with Guaranty Bank and appreciate their confidence in our business plan,” said Chuck Pollard, president of Three Forks. “This borrowing base will support our efforts in the area of exploration, development and/or acquisition of oil and gas properties as well as for associated working capital purposes.”