Market Overview

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

Share:

Midstates Petroleum Company, Inc. (NYSE: MPO) 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

See full press release

 

Related Articles (MPO)

View Comments and Join the Discussion!

Posted-In: News Guidance Financing Press Releases