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PrimeEnergy Resources Amends Borrowing Base Agreement with Citibank

Aug 04, 2026•5 days ago

Contract Type

borrowing_base_agreement

United StatesEnergyOil And Gas

Description

On August 3, 2026, PrimeEnergy Resources Corporation amended its borrowing base agreement with Citibank, N.A. The borrowing base was decreased from $115,000,000 to $105,000,000. As of March 31, 2026, the company reported no outstanding borrowings under the credit facility. This amendment reflects ongoing adjustments to the company's financial agreements.

Company Information

Company

PrimeEnergy Resources Corporation

Location

United States

About

PrimeEnergy Resources Corporation is engaged in the exploration, production, and development of oil and natural gas resources, primarily within the United States. The company operates in the oil and gas industry, focusing on acquiring and managing properties with substantial growth potential. Its key products include crude oil, natural gas, and natural gas liquids. Headquartered in Houston, Texas, PrimeEnergy serves various geographic markets and aims to increase its operational footprint while emphasizing sustainable practices. The company is listed on NASDAQ under the trading symbol 'PNRG' and is classified as an emerging growth company.

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