Top Story | Production Rates | Capital Markets | Capital Expenditure | Drilling Program - Wells | Capital Expenditure - 2018
Miss Lime Focused E&P Plans $100 Million Capex; 1 Rig Drilling Program
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[Summary: Midstates Petroleum has annouced its 2018 development plan will include 1 rig drilling program and a capital budget of $100 million to $120 million.
The company is still engaged in a discussion with Sandridge Energy regarding its proposed business merger.
Midstates has engaged SunTrust to explore strategic alternatives for its Anadarko Basin producing properties. The Company will retain the NW STACK undeveloped acreage in Dewey County, Oklahoma.
The Company's Anadarko Basin assets averaged production of 3,890 BOEPD in the fourth quarter of 2017, of which 35% was oil, 27% NGLs, and 38% natural gas.
2017 Activity Re-capCapital Expenditures
In the fourth quarter of 2017, the Company invested $33.6 million of operating capital, predominantly devoted to the Mississippian Lime assets.
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