MID-CON ENERGY PARTNERS, LP (NASDAQ:MCEP) Files An 8-K Regulation FD Disclosure
Item 7.01
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Regulation FD Disclosure.
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announcing that its lender group has reaffirmed the Partnerships
$140 million borrowing base as part of the regularly scheduled
semi-annual redetermination. There were no changes to the terms
or conditions of the credit agreement. The next semi-annual
borrowing base redetermination is scheduled to occur on or about
October 30, 2017. Mid-Con Energy had $118.5 million in total
borrowings outstanding under its revolving credit facility as of
May 24, 2017. 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 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 00.00 at 2.02 with 69,766 shares trading hands.
