Pin Oak Energy Partners Announces Bank Credit Facility Increase to $150 MM

AKRON, Ohio–(BUSINESS WIRE)–Pin Oak Energy Partners LLC (Company or Pin Oak Energy) announces that
CrossFirst Bank has reaffirmed the Company’s borrowing base while
extending and increasing Pin Oak Energy’s Credit Facility size to $150
MM.

“We are pleased by the vote of confidence from CrossFirst Bank in the
management team of the Company and overall direction of Pin Oak Energy
with this extension and increase to our bank credit facility. Our
facility with CrossFirst Bank is well positioned to help Pin Oak
continue our growth through acquisitions and through the drill bit,”
says Christopher Halvorson, CEO of Pin Oak Energy.

CrossFirst Bank’s Energy Banking Partner, Wes Webb, stated, “Pin Oak has
a highly experienced management team with a proven track record of
growing high-quality oil & gas companies. We are excited to strengthen
and continue our relationship with Pin Oak Energy.”

About Pin Oak Energy

Pin Oak Energy Partners LLC is an Appalachian Basin energy company
engaged in the exploration and production of conventional and
unconventional oil and natural gas wells and the operation of associated
assets. The Company currently operates 363 wells producing nearly 5.7
MMcfe/d (32% liquids) across more than 32,000 acres and is also involved
in midstream, field services and operations through its affiliate
companies. Visit Pin Oak Energy at www.pinoakep.com

Contacts

Pin Oak Energy Partners LLC
[email protected]
1-888-748-0763
Ext. 701