Operator · Cleveland & Mississippi Lime
Midstates Petroleum
60 articles mentioning Midstates Petroleum · Page 2 of 3
New Strategy Emerges: Companies Tapping Entire Credit Limit to Survive
As the industry downturn continues to put pressure on E&Ps, a number of companies are tapping out their entire credit limits to stay afloat.
Shale Experts Analyzed 17 US E&Ps; Financial Health: Here's What We Found
We Analyzed 17 US E&P companies, looking at their financials, Debt, Debt to Revenue, Planned Capital Spend, and Production. We found that most, of these companies might seek Chapter 11 protection. A spreadsheet with the company's...
Midstates Mississippi Lime Production Hampered; Three (3) Rig Program Maintained
Mississippian Lime Update Production from the Company’s Mississippian Lime properties averaged 26,358 Boe per day for the third quarter of 2015. During the quarter, the Company experienced a temporary production interruption due to a previously reported...
Midstates Petroleum Brags of New 1,000 BOPD Miss Lime Well
1,000 BOPD well in the Miss Lime.
Midstates Touts $3.1MM MissLime Well Costs; Reaffirms Credit
During the third quarter of 2015, total Company production averaged 32,609 barrels of oil equivalent (Boe) per day.
Midstates Petroleum's Market Cap Falls Below $50 Million
Midstates has received notice from the NYSE on August 13, 2015, that the Company's market capitalization and last reported stockholders equity had fallen below the NYSE's continued listing standards.
Midstates Drops One Rig After Reducing Well Costs
Reduced standard well costs to $3.3 million in the Mississippian Lime before year-end goal.
Midstates Faces NYSE Delisting as Stock Dips Below the Dollar Mark
Under NYSE rules, the Company can avoid delisting if, during the six month period following receipt of the NYSE notice.
Midstates Wraps Up $420MM in Private Offerings
Evercore Group LLC acted as financial advisor and Kirkland & Ellis LLP provided legal advice for these transactions.
Midstates Unlocking the MissLime with 3D Seismic, Downspacing
After amassing a sizable position and ramping up production in the Mississippi Lime, Midstates Petroleum has honed in on the best strategy for top-tier well performance.
Mississippi Lime Operator to Be Delisted From NYSE
During this six month period, the Company's common stock will continue to be traded on the NYSE, subject to compliance with other continued listing requirements.
Midstates Petroleum Reaffirms Borrowing Base
The borrowing base is supported solely by the Company's Midcontinent assets and on December 31, 2014, the Company had $435 million drawn under this facility.
Midstates Unveils CEO, Director Succession Plan
The Company announced that Dr. Peter J. Hill has resigned from the Board effective today and will resign from his current position as interim President and Chief Executive Officer immediately.
Midstates Brings On New Chief Operating Officer
Mark Eck, age 56, most recently worked for Samson Resources, as VP Business Development, after previous roles of VP Operations & Midstream, and General Manager Haynesville Team.
Midstates Reports Termination of DeQuincy Asset Deal
The buyer in the transaction for the sale of the Company's DeQuincy area assets in Louisiana has terminated the purchase and sale agreement.
Midstates Averages 30-Day IP of 575 BOE/d in the MissLime
Production from the Mississippian Lime properties averaged 23,834 Boe per day for the third quarter of 2014, an increase of approximately...
Midstates Turns on Taps at 10 HZ Anadarko Basin Wells
The Company operated on average two drilling rigs in its Anadarko horizontal well program during the third quarter.
Midstates Sustains MidContinent Growth in 3Q
In 3Q, Midstates invested $134 million of operating capital, spud 35 wells, fracture stimulated three wells, and brought 29 new wells on line.
Midstates Downspacing MissLime, Optimizing Completions
Downspacing plans for its Mississippi Lime and Anadarko Basin acreage.
Midstates Increases Rig Count in MissLime After Seeing Results
Increase its rig count in the Miss-Lime to six rigs during 2Q 2014, moving one rig from the Anadarko Basin.