Extraction Oil & Gas amended its credit facility dated September 4, 2014. The amended agreement provides for a $1.5 billion credit facility subject to an initial borrowing base of $375 million and a $50 million letter of credit.

According to a related 8-K filing, Wells Fargo Bank was administrative agent and issuing lender. The borrowing base will be re-determined on a semi-annual basis each November 1 and May 1. Any capitalized term used and not defined herein shall have the meaning assigned to such term in the credit agreement.