Mid-Con Energy Partners, LP Announces Reaffirmation of $125 Million Borrowing Base
12 June 2018 - 6:20AM
Mid-Con Energy Partners, LP (NASDAQ:MCEP) (“Mid-Con Energy” or the
“Partnership”) announced today that its lender group has reaffirmed
the Partnership’s $125 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 around October 2018. Mid-Con Energy had $89.0 million in
total borrowings outstanding under its revolving credit facility as
of May 31, 2018.
ABOUT MID-CON ENERGY PARTNERS,
LPMid-Con Energy is a publicly held Delaware limited
partnership formed in July 2011 to own, acquire, 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 Oklahoma, Texas, and Wyoming. 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,” “pursue,”
“target,” “will” and the negative of such terms or other comparable
terminology. 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” and
“Risk Factors” sections of our Annual Report on Form 10-K for the
year ended December 31, 2017, and in other documents and reports we
file from time to time with the SEC.
INVESTOR RELATIONS
CONTACTir@midcon-energy.com(918) 743-7575
Mid Con Energy Partners (NASDAQ:MCEP)
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