Operator · Cleveland & Mississippi Lime
Midstates Petroleum
60 articles mentioning Midstates Petroleum · Page 1 of 3
Amplify Energy, Midstates Finalize Merger Deal; Talk 2019 Spending Outlook
Amplify Energy and Midstates Petroleum have finalized their all-stock merger deal. The agreement was initially announced back in early May 2019. Terms of the deal were not disclosed. Pro Forma Assets: Total position of ~218,000 net...
Midstates Petroleum Details Q4 Results
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...
Midstates Taps Firms to Aid in Strategic Alternatives; Talks 2018 MissLime Output
Midstates Petroleum announced 2018 year-end SEC reserves, preliminary 2018 operational results, and provided a strategic update. Hires Kirkland & Ellis to Aid in Creating Value Midstates is committed to pursuing all strategic and opportunistic transactions that...
Oklahoma E&P to Run Zero Rigs in MissLime in 1H19; Cites Low Oil Price
Midstates Petroleum has announced that it does not intend to operate a drilling rig during the first half of 2019. The company cited low commodity prices as the motive behind the decision. For 2018, Midstates operational...
Midstates Petroleum Details Changes to Board of Directors
Midstates Petroleum Company has named Randal Klein, Evan Lederman, and David Proman to the Board effective today upon the resignation of Frederic (Jake) F. Brace, Michael Reddin, and Bruce Vincent. About Randal Klein Randal Klein joined...
Midstates Touts 11% Upswing in MissLime Production from Q1; Focus on Extended Laterals
Midstates Petroleum reported its Q2 2018 results. MissLime Output Jumps 11% from Prior Quarter - Q2 production of 20.6 MBOEPD (down -9% YOY and up +7% from 1Q18) Grew Mississippian Lime production to 17,202 BOEPD in...
Midstates Works to Optimize MissLime Ops, Cuts Workforce
Midstates Petroleum reported its Q1 2018 results. Highlights: - Q1 2018 production of 19.2 MBOEPD (down -19% YOY and down nearly -10% from 4Q17) With Mississippian Lime production of 15,518 BOEPD and Anadarko Basin production of...
SandRidge Rejects Midstate's Merger Offer; Exploring Strategic Alternatives
SandRidge Energy has rejected Midstate's offer for a business combination after "careful consideration and a detailed technical and financial review." The proposal was initially submitted by Midstates in early February 2018. The deal would have combined...
Miss Lime Focused E&P Plans $100 Million Capex; 1 Rig Drilling Program
The Mississipian Lime operator saw its well cost increase to $3.2 million in 2017. The company is has also reduced its rig count from 2 to 1, and will keep the one rig drilling program in...
Midstates Chatting Up SandRidge for Possible Business Combination
Midstates is looking to capitalize on SandRidge's failed buyout of Bonanza Creek by proposing a business combination between itself and SandRidge. The proposed transaction would combine Midstates and SandRidge in an all-stock merger that would create...
Midstates Increases Frac Stages in Q3; Produces 21.4 MBOEPD
Midstates Petroleum reported its Q3 2017 results. Highlights include: Q3 Production: 21,358 BOEPD Operational Update - Increased Frac Stages Produced an average of 17,606 BOEPD in the third quarter of 2017, of which 28% was oil,...
Former Sabine CEO Tapped as President of Midstates Petroleum
Midstates Petroleum has named David J. Sambrooks as its President & CEO. Sambrooks succeeds the Company's current President and Chief Executive Officer, Mr. Jake Brace, who will continue to serve on the Company's Board.Mr. Sambrooks has...
Midstates Shifting Focus to MS Lime Assets; Produced 81% of Total from MS Lime
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...
Midstates EVP/CFO, Nelson Haight, Resigns Effective June 15
[Summary: Nelson M. Haight, Executive Vice President & Chief Financial Officer of the Company, would resign from his position effective June 15, 2017 to explore other opportunities in the E&P sector.]
Midstates Amends Senior Credit Facility
Midstates has amended its senior credit facility.
MissLime E&P IDs 2017 Budget of $95MM; 24-26 Wells Planned
The company's production guidance for the year is...
Midstates Sees 141% Jump in Reserves YOY; 177 MMBOE
Midstates Petroleum detailed its year-end reserves.
Midstates Petroleum Files Chapter 11 Bankruptcy
Midstates Petroleum Company, Inc. announced that they have filed voluntary petitions for relief under Chapter 11. The Chapter 11 filing will facilitate a pre-arranged restructuring of the Company's consolidated balance sheet through a reorganization plan. The...
Midstates Saddled With $1.9 Billion In Debt; Heading For Bankruptcy
Midstates warned in its 10k filing that it believes Chapter 11 bankruptcy might provide them with the most expeditios manner in which to effect a new capital structure. As you might remember, back on Feb 9,...
Midstates Taps/Max's Out It's Credit Facility; Draws $242 Million
Midstates Petroleum today filed documents outlining that the company has tapped/borrowed the remainder of its credit facility. The company borrowed $249.2 million, which would bring the company's cash balance to $335.7 million. These are normally tell...