Exploration & Production | Top Story | Capital Markets | Capital Expenditure | Private Equity Activity
Midstates Tags Preliminary 2014 Budget
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Midstates Petroleum Company, Inc. has reported preliminary estimates of 2014 production and capital expenditures.
2014 OutlookMidstates is currently considering various strategic options that would improve its financial flexibility and provide additional cushion to its balance sheet; this may include sales of assets, possible joint-ventures or farm-outs on its properties. Discussions are currently underway with a variety of interested third parties. As a result, Midstates’ Board of Directors has not yet approved a final capital budget for 2014. However, the Company today provided a preliminary estimate of its capital spending plans and production for 2014, assuming no change in its asset base. Midstates will provide an update, if there are material changes to the Company’s 2014 capital…
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