Matador Resources reported it amended its revolving credit facility to extend the maturity date from December 29, 2016 to October 16, 2020. In connection with the amendment, Matador’s lenders unanimously reaffirmed the borrowing base under the revolving credit facility at $375 million, and the maximum facility amount remained unchanged at $500 million.

According to a related 8-K filing, Matador Resources amended its credit agreement with a bank group led by Royal Bank of Canada as administrative agent. The maturity date was extended from December 29, 2016 to October 16, 2020.

Dallas-based Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the U.S., with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the Wolfcamp and Bone Spring plays in the Permian Basin in Southeast New Mexico and West Texas. Matador also operates in the oil and liquids-rich portion of the Eagle Ford shale play in South Texas and in the Haynesville shale and Cotton Valley plays in Northwest Louisiana and East Texas.