Premier Mississippian Lime Player Midstates is the premier operator in the Mississippian Lime, well positioned in Woods and Alfalfa Counties, OK Large acreage position in the core of the play Demonstrated track record of success in…
Improving Asset Performance Enhanced Base Production Worked over 180 wells during the first half of the 2018, increasing base production by 2,100 BOEPD Improved identification and remediation of shut-in and underperforming wells…
Miss Lime Base Production Enhancement Operated 10 workover rigs during second quarter to uplift base production and substantially decrease downtime Performed 180+ workovers YTD , increasing base production by 2,100 BOEPD 30% early…
Miss Lime Drilling & Completion Optimization Continually evaluating program results from multiple completion designs High Intensity completion design Increased completion cost with goal to produce higher production rate and enhance…
2018 Guidance (Excludes Anadarko Basin assets) Production Guidance Operational CAPEX Guidance MM Production (Boe/d) 16,500 17,500 Operational Capital Expenditures 100 - 110 Price Differential Guidance Cost Guidance per BOE Oil (per…
2018 Guidance Reconciliation Full Year 2018 2018 YTD Actuals(1) Guidance (Miss Lime Only) Mississippian Lime Anadarko Basin Total Company Production (Boe/d) 16,500 - 17,500 16,367 3,579 19,946 Operational Capital Expenditures (MM)…
Midstates Focus Generate Substantial Free Cash Flow Extensive Cost Miss Lime Operational Strategic Opportunities Reduction Program Excellence Reduced headcount 35%; Exploit NW STACK or other annual G&A expense Enhanced base…
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