Midstates Petroleum Reaffirms $252M Revolving Credit Facility; Provides Operational Update

Midstates Petroleum Company, Inc.

announced today that, as a result of its lenders' semi-annual review, the borrowing base under its revolving credit facility has been reaffirmed at $252 million. There are currently no borrowings under the credit facility. The Company also provided an operational update for the third quarter of 2015. Operational Update During the third quarter of 2015, total Company production averaged 32,609 barrels of oil equivalent (Boe) per day of which approximately 39% was oil, 21% was natural gas liquids ("NGLs") and the balance was natural gas. The temporary interruption of production at a Midstates' well site due to a