MID-CON ENERGY PARTNERS, LP (NASDAQ:MCEP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Partner), the general partner of Mid-Con Energy Partners, LP (the
Partnership) appointed John W. Brown as an independent director
to the Board of Directors of its general partner (the Board). Mr.
Brown will receive compensation in accordance with the
Partnerships policies for compensating directors, including
long-term equity incentive awards under the Partnerships
Long-Term Incentive Program. Mr. Brown is being appointed as a
member of the audit committee of the Board.
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Item 7.01
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Regulation FD Disclosure.
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announcing the appointment of Mr. Brown to the Board and
announcing a cash distribution for its Class A Convertible
Preferred Units (the Preferred Units) as further described below
and in the press release. A copy of the press release is attached
as Exhibit 99.1 to this current report on Form 8-K and is
incorporated herein by reference.
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Item 8.01
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Other Events.
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announcing that the Board declared a cash distribution for its
Preferred Units for the quarter ended March 31, 2017, according
to terms outlined in the Partnership Agreement. A cash
distribution of $0.043 per Preferred Unit will be paid on May 15,
2017 to holders of record as of the close of business on May 8,
2017.
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Item 9.01
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Financial Statements and Exhibits.
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About MID-CON ENERGY PARTNERS, LP (NASDAQ:MCEP)
Mid-Con Energy Partners, LP is engaged in the ownership, acquisition, exploitation and development of producing oil and natural gas properties in North America, with a focus on enhanced oil recovery (EOR). The Company’s properties are located in the Mid-Continent and Permian Basin regions of the United States in over five areas: Southern Oklahoma; Northeastern Oklahoma; parts of Oklahoma, Colorado and Texas within the Hugoton; Texas Gulf Coast, and Texas within the Eastern Shelf of the Permian. The Company operates approximately 100% of its properties, as calculated on a barrel of oil equivalent (Boe) basis, through its affiliate, Mid-Con Energy Operating, LLC (Mid-Con Energy Operating). The Company designs and manages the development, recompletion or work-over for all of the wells it operates and supervises operation and maintenance activities. Mid-Con Energy Operating provides the Company with management, administrative and operational services under a services agreement. MID-CON ENERGY PARTNERS, LP (NASDAQ:MCEP) Recent Trading Information
MID-CON ENERGY PARTNERS, LP (NASDAQ:MCEP) closed its last trading session down -0.01 at 2.27 with 87,604 shares trading hands.