Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Midstates Petroleum Details Q4 Results
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Midstates Petroleum Co. announced its fourth quarter and full year 2018 results.
Highlights: Reported net income of $49.8 million, or $1.91 per share, for the full year 2018 and net income of $35.8 million, or $1.38 per share, in the fourth quarter 2018 Announced year-end 2018 SEC proved reserves of 72.4 million barrels of oil equivalent (MMBoe) with a net present value discounted at 10% (PV-10) of approximately $580 million Year-end 2018 SEC proved developed producing (PDP) reserves of 46.5 MMBoe with a PV-10 of approximately $425 million Achieved Mississippian Lime production of 16,747 barrels of oil equivalent per day (Boepd) for the full year 2018 Generated Adjusted EBITDA of $27.8 million in the fourth quarter of 2018, outpacing quarterly operational capital expenditures by…- ✓ Full news archive — U.S., Canada & international coverage
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