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Midstates Touts $3.1MM MissLime Well Costs; Reaffirms Credit
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Midstates Petroleum Company, Inc. reported that, as a result of its lenders' semi-annual review, the borrowing base under its revolving credit facility has been reaffirmed at $252 million. There are currently no borrowings under the credit facility.
The Company also provided an operational update for the third quarter of 2015.
Operational UpdateDuring the third quarter of 2015, total Company production averaged 32,609 barrels of oil equivalent (Boe) per day of which approximately 39% was oil, 21% was natural gas liquids and the balance was natural gas. The temporary interruption of production at a Midstates’ well site due to a previously reported incident reduced third quarter production by approximately 650 Boe per day. Production from the impacted well site was restored in August…
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