Mid-Con Energy Partners has received commitments from its lending group to change the borrowing base under its $250 million senior secured revolving credit facility from $220 million to $190 million. The new borrowing base became effective on November 30.
Wells Fargo served as administrative agent. Participant lenders include Frost Bank, Comerica Bank, Bank of Nova Scotia, BOKF, MUFG Union Bank and the Royal Bank of Canada.
Mid-Con Energy owns, operates, acquires, exploits and develops producing oil and natural gas properties in North America, with a focus on enhanced oil recovery.