Harvest Oil & Gas has entered into a new $10 million credit facility with Regions Bank.

The new credit facility will bear interest at LIBOR plus 100 bps and will mature on October 4, 2020 but may be renewed for a one-year term by mutual agreement between the company and Regions Bank.

Harvest is an independent oil and gas company engaged in the operation and development of onshore oil and gas properties in the continental U.S.