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Mid-Con's 1Q Production Drops 10% to 4,286 BOE/d
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Mid-Con Energy Partners, LP announces operating and financial results for the first quarter ended March 31, 2016.
Jeff Olmstead, President and CEO, said: "The Partnership delivered another positive quarter. Amid continued commodity market volatility, our performance during the first quarter 2016 met or exceeded guidance on every measure. Most notably, we began 2016 by paying down $11 million in debt, organically funding $1.7 million in capital spending and reducing per Boe lease operating expenses by 18% sequentially and 28% year-over-year. I applaud the hard work and diligence of the entire Mid-Con Energy team in first quarter 2016 and look forward to more of the same in the quarters ahead."
Highlights: Production averaged 4,286 Boe/d, a decrease of 10.2% sequentially and a decrease…- ✓ Full news archive — U.S., Canada & international coverage
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