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LPC: More competitive U.S. oil and gas lending drives down pricing

NEW YORK (Reuters) – A renewed willingness to lend to US oil and gas companies, as oil prices stabilize well above lows, is driving down pricing for borrowers after two straight years of steep increases.

The volume of credit lines provided to exploration and production companies, using their oil and gas reserves as collateral, so far this year has already topped full-year 2016, although it is a shadow of the 2014-2015 tallies reached before oil and gas prices tanked, according to Thomson Reuters LPC.

Written by Lynn Adler for Reuters.com