Aethon United Completes Major Amendment to Credit Agreement
Aethon United's Recent Financial Milestone
Aethon United BR LP (“Aethon United,” “we,” “us” or “our”) has recently achieved a significant milestone by entering into Amendment No. 18 to its existing Credit Agreement with JPMorgan Chase Bank, N.A., acting as the administrative agent. This amendment has been strategically crafted to solidify Aethon United's financial framework, allowing for continued growth and stability in operations.
Key Features of the Amendment
The provisions in the Amendment reaffirm the substantial borrowing base of $1.15 billion while maintaining the aggregate elected commitments under the Credit Agreement at $1.0 billion. Furthermore, it extends the maturity date of the Credit Agreement to September 27, 2029, which enhances the company’s financial agility and planning capabilities for the future.
About Aethon United
Aethon United is a prominent player in the natural gas industry, primarily focusing on the development, exploitation, and exploration of natural gas properties. The company has established itself as one of the largest privately held producers in a key area rich in natural resources, significantly the Haynesville Basin that spans East Texas and North Louisiana. Our vertically integrated strategy positions us favorably with industry-leading operating margins and robust cash flow, supported by an extensive network of more than 800 miles of natural gas gathering pipelines and a treating capacity exceeding 1.75 Bcf/d.
Strategic Advantages
With a significant concentration in the Haynesville region, Aethon United is ideally located to service key markets along the Gulf Coast. Our scalable development programs and access to low-cost midstream infrastructure contribute to a competitive cost structure and an environmentally friendly profile among natural gas producers operating within the Lower 48 states.
About Aethon Energy Management
Managing Aethon United is Aethon Energy Management, a private investment firm renowned for managing closed-end funds and joint ventures focused on acquiring, operating, and developing onshore energy resources throughout North America. Located in Dallas, TX, Aethon has successfully deployed over $9 billion in various projects over a 34-year period, generating impressive returns for investors across different market conditions.
Commitment to Growth and Sustainability
Aethon Energy Management’s commitment to a vertically integrated strategy ensures capital-efficient growth while maintaining disciplined risk management to support sustainable cash flow. The firm is recognized as a leading operator, contributing to lower emissions in the natural gas sector and supplying natural gas to Liquefied Natural Gas (LNG) facilities across the United States, bolstered by a vast pipeline infrastructure exceeding 1,700 miles.
Frequently Asked Questions
What is the significance of the recent credit agreement amendment?
The amendment solidifies Aethon United's financial framework and extends the maturity date, which enhances the company's financial agility and operational planning.
How does Aethon United maintain low costs in natural gas production?
Aethon United maintains low costs through its scalable development programs and access to low-cost midstream infrastructure, making it competitive in the industry.
What role does Aethon Energy Management play in Aethon United?
Aethon Energy Management oversees Aethon United's operations, ensuring robust growth and efficient management of onshore energy resources.
What environmental considerations does Aethon United account for?
The company focuses on maintaining a lower emissions profile compared to other natural gas producers in the Lower 48, further contributing to its industry leadership.
In which geographic areas does Aethon United operate?
Aethon United primarily operates in the Haynesville Basin, which spans parts of East Texas and North Louisiana, serving key Gulf Coast markets.
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