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Midstates Shifting Focus to MS Lime Assets; Produced 81% of Total from MS Lime
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Midstates Petroleum released its Q2 results and highlights include:
Total production for Q2 was 22,490 boe/d which was a decrease of 4.5% from 23,562 boe/d Q1 production Added a second rig to its Mississippian Lime acreage Capex from Q2 was a total of $28.3 million ($25 million D&C) and capex from 1H 2017 was $62.9 million ($57.6 million D&C) Midstates Petroleum averaged a daily production of 22,490 boe/d (29% oil) in Q2. This production number decreased 4.5% from Q1 when production averaged 23,562 boe/d. The company's Mississippian Lime assets averaged 18,278 boe/d which was 81% of the total production. The Anadarko Basin properties averaged production of 4,212 boe/d which was 19% of the company's production.In Q2, the company added a second rig to its Mississippian Lime acreage…
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