HOUSTON, TX, April 26, 2023 – Production Lending recently closed and funded a $20,000,000 loan facility with initial proceeds used to finance the purchase of a producing natural gas field in Louisiana. Additional proceeds from the loan are available for other acquisitions or development to facilitate company’s continued growth. Production Lending’s capital has financed the …
HOUSTON, TX, August 12, 2022 – Production Lending recently closed and funded a $35,000,000 loan to a private, Midland-based oil and gas company. Proceeds from the loan will be used to drill and complete six horizontal wells in the northern Midland Basin, where the company has already successfully drilled and completed several wells on its acreage. …
In December, 2022, Production Lending closed and funded a $8,500,000 loan to a private, Louisiana-based oil and gas company. Initial proceeds from the loan were used to payoff an existing lender and to pay the AFE’s of several horizontal natural gas wells that the company had participated in. The company is a minerals-focused firm that …
In December 2022, Production Lending closed and funded a $2,500,000 loan to a private, Louisiana-based oil and gas company. Proceeds from the loan were used to fund several AFE’s of horizontal natural gas wells that the company had participated in. The borrower is a minerals-focused firm that acquires mineral acreage and non-operated working interest in …
An operator in the Permian Basin has kick-started its full-scale horizontal development program thanks to a new multimillion-dollar loan provided by Production Lending LLC. In a recent release, Production Lending said it had supplied a $10 million loan to MEI Camp Springs LLC, which is owned by Moriah Energy Investments. The loan was closed and …
Permian Operator Kick-starts Development With New Loan Read More »
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