Exploration & Production | Quarterly / Earnings Reports | Capital Markets | Private Equity Activity
Midstates Drills Nine HZ Mississippian Wells; Plans More
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Midstates Petroleum Company, Inc. has reported its first quarter 2013 update on its MidContinent Mississippian progress.
During the first quarter the Company had four rigs active in the Mid-Continent region, all of which were drilling in the Company’s Mississippian Lime horizontal well program in Woods and Alfalfa Counties, Oklahoma. Midstates completed a total of nine wells, all of which were horizontal. Midstates spud a total of 10 gross wells, of which four were producing, five were awaiting completion and one was in process at March 31, 2013. Midstates said that it continues to see results in its Mississippian program that are in line with its expectations at the time of the acquisition.
The Company recently added a fifth rig to the program in Oklahoma and has continued to see…
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