In its Q3/16 reporting, Alta Mesa Holdings reaffirmed its borrowing base at $300 million and extended its senior secured credit facility to 2018 with its eight bank syndicate, agented by Wells Fargo.

Should Alta Mesa’s senior notes be refinanced or paid off, the credit facility maturity will be extended to November, 2020. Alta Mesa is in compliance with all of the financial covenants associated with this credit facility. The next scheduled redetermination of the borrowing base is May 1, 2017.

Headquartered in Houston, Alta Mesa Holdings is a privately held company engaged primarily in onshore oil and natural gas acquisition, exploitation, exploration and production.