Midstates Petroleum Company announced that as a result of its lenders’ semi-annual review, the borrowing base under its revolving credit facility has been reaffirmed at $252 million.

According to a related 8-K filing, SunTrust Bank is administrative agent. There are currently no borrowings under the credit facility.

Jake Brace, Midstates President and CEO, commented, “We believe we have the liquidity needed to navigate the existing environment and protect our flexibility and optionality until the macro outlook improves. The reaffirmation of our borrowing base allows us the flexibility to continue to develop our premier position in the Miss Lime, even in the current price and reduced drilling environment.”