Petron Energy Closes $5MM Credit Line With TCA Global

Petron Energy II announced that it closed on a $5 million line of credit facility with TCA Global Credit Master Fund. The credit line will fund further development of its crude oil production.

ABLs Benefit From Boom in Gas Exploration

Over the past 12 months, the rising price of crude oil, coupled with the move of energy companies away from coal, has resulted in the emergence of shale gas exploration in the U.S. and Canada. Shale gas production is a low-cost energy alternative that is creating new capital investment opportunities for private equity groups and asset-based lenders.