Text Size:
A | A

Mid-Con Energy Picks Up Oklahoma Props

Text Size: A | A
 
October 16, 2012

Mid-Con Energy Partners LP (Nasdaq: MCEP) announced that it has signed two separate agreements to acquire oil properties and additional working interests in Oklahoma for a combined price of approximately $24.1 million.

In independent transactions, Mid-Con Energy has agreed to acquire an approximate 71% operated working interest in oil properties, currently under waterflood, in Texas County, Okla.; and additional working interests in existing Mid-Con Energy waterfloods located within its Hugoton Basin core area.

These acquisitions will be financed with borrowings from Mid-Con Energy's credit facility and are expected to close ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription