Borrowing bases for producers are likely to increase

摘要

Oil and gas producers are expecting an improved outlook for the energy industry and plan to ramp up their borrowing bases, according to a survey conducted by law firm Haynes and Boone. In its recent poll, 78% of the oil and gas producers said they plan to increase their borrowing bases while 36% of companies said they predict their borrowing bases to rise by 20% or greater. This rate of optimism is on par with the law firm's spring 2018 survey.