Mid-Con Energy Partners, LP Announces Public Offering Of 5.8M Common Units

Mid-Con Energy Partners, LP MCEP ("Mid-Con Energy" or the "Partnership") announces that it plans to sell 5,800,000 common units representing limited partner interests in the Partnership in an underwritten public offering pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "SEC"). Mid-Con Energy expects to grant the underwriters a 30-day option to purchase up to 870,000 additional common units. Mid-Con Energy intends to use the net proceeds of this offering, after deducting underwriting discounts and estimated expenses, to fund a portion of the purchase price of its previously announced pending acquisition of the Eastern Shelf properties in the Permian Basin in West Texas. Mid-Con Energy will fund the balance of the purchase price for such acquisition with borrowings under its credit facility. To the extent that the underwriters' option to purchase additional units is exercised, any additional proceeds will be used to fund a portion of the purchase price for the pending Eastern Shelf properties acquisition, unless the acquisition has closed prior to such exercise, in which case Mid-Con Energy will use any such additional proceeds to repay outstanding borrowings under its credit facility. In the event that the acquisition of the Eastern Shelf properties does not close, Mid-Con Energy would use the net proceeds of the offering and any exercise by the underwriters of their option to purchase additional units to repay debt outstanding under its credit facility and for general partnership purposes. RBC Capital Markets, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Raymond James & Associates, Inc., UBS Securities LLC, Wells Fargo Securities, LLC, and Robert W. Baird & Co. Inc. are acting as joint book-running managers. Oppenheimer & Co. Inc., Comerica Securities, Inc., Ladenburg Thalmann & Co. Inc., MLV & Co. LLC and Wunderlich Securities, Inc. are acting as co-managers for the offering. The offering of these securities may be made only by means of the prospectus supplement and accompanying prospectus.