June 9, 2021 Houston, TX: Huntington Oil & Gas, LLC (“HOG”) a private Oil & Gas producer in the Uintah Basin is pleased to announce today that the company has entered into a new senior secured revolving credit facility (the “Credit Facility”) with WaFd Bank (“WaFd”). Under the terms of the Credit Facility WaFd will provide HOG with up to $40 million of secured debt financing. Proceeds from the Credit Facility will further strengthen HOG’s balance sheet to make additional strategic acquisitions and provide working capital.

Bob Kirkland, CEO of HOG “I would like to thank the entire team including: WaFd and Donovan Ventures in achieving this next step in Huntington’s growth. Both WaFd and Donovan Ventures were a pleasure to work with. We were able to quickly and economically close this facility which will provide Huntington the growth capital that it will need over the next several years.”

Huntington Oil and Gas is a portfolio company of Donovan Ventures’ Energy Founders Fund.