Mid-Con Energy Partners, LP Announces Reaffirmation of $140 Million Borrowing Base
May 25 2017 - 9:00AM
Mid-Con Energy Partners, LP (NASDAQ:MCEP) (“Mid-Con Energy” or the
“Partnership”) announced today that its lender group has reaffirmed
the Partnership’s $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.
ABOUT MID-CON ENERGY PARTNERS,
LPMid-Con Energy is a publicly held Delaware limited
partnership formed in July 2011 to own, acquire, exploit and
develop producing oil and natural gas properties in North America,
with a focus on Enhanced Oil Recovery. Mid-Con Energy’s core areas
of operation are located in Southern Oklahoma, Northeastern
Oklahoma, and the Permian. For more information, please visit
Mid-Con Energy’s website at www.midconenergypartners.com.
FORWARD-LOOKING STATEMENTSThis
press release includes “forward-looking statements” — that is,
statements related to future, not past, events within meaning of
the federal securities laws. Forward-looking statements are based
on current expectations and include any statement that does not
directly relate to a current or historical fact. In this context,
forward-looking statements often address expected future business
and financial performance, and often contain words such as
“anticipate,” “believe,” “estimate,” “intend,” “expect,” “plan,”
“project,” “should,” “goal,” “forecast,” “guidance,” “could,”
“may,” “continue,” “might,” “potential,” “scheduled,” or “will” or
other similar words. These forward-looking statements involve
certain risks and uncertainties and ultimately may not prove to be
accurate. Actual results and future events could differ materially
from those anticipated in such statements. For further discussion
of risks and uncertainties, you should refer to Mid-Con Energy’s
filings with the Securities and Exchange Commission (“SEC”)
available at www.midconenergypartners.com or www.sec.gov.
Mid-Con Energy undertakes no obligation and does not intend to
update these forward-looking statements to reflect events or
circumstances occurring after this press release. You are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this
cautionary statement and our SEC filings. Please see the risks and
uncertainties detailed in the “Forward-Looking Statements” of our
public filings.
INVESTOR RELATIONS CONTACT
IR@midcon-energy.com
(918) 743-7575
Mid Con Energy Partners (NASDAQ:MCEP)
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