Oil & Gas Reserve-Based Lending (RBL) Facility

What is it?

DirectLenderMatch classifies Oil & Gas Reserve-Based Lending (RBL) Facility under the financing form “Borrowing-base revolver.” Its typical use in this directory is: Finance exploration/production company.

How does it work?

The structure is generally evaluated, supported, or secured using the following basis: Proved hydrocarbon reserves. Exact underwriting, eligibility, terms, and availability are provider-specific and can change.

What can it be used for?

Finance exploration/production company.

What backs or supports it?

Proved hydrocarbon reserves.

Why does this structure exist?

This structure provides a defined way to address the financing need described above. The provider, transaction, collateral, and underwriting context determine how the structure is implemented in practice.

Important considerations

Confirm current costs, risks, licensing, eligibility, collateral treatment, recourse, tax consequences, and availability directly with the provider and appropriate professional advisers. DirectLenderMatch does not compare rates or recommend products.

Is this actually a loan?

Loan or credit structure

Workbook classification: Yes. Financing forms such as leases, purchases, shared equity, advances, and guarantees may solve a funding need without being conventional loans.

Verified lenders or providers

Direct energy lender

BOK Financial

BOK Financial currently offers reserve-based loans and term facilities to oil-and-gas borrowers.

Official evidence page →

Last verified: 2026-08-23

Direct energy lender

KeyBank N.A.

KeyBank currently lists Reserve-Based Lending among its oil-and-gas capabilities.

Official evidence page →

Last verified: 2026-08-23