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Midstates Petroleum To Acquire Mississippian Lime Properties For $325 Million

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August 13, 2012

Midstates Petroleum Company, Inc. announced that it has entered into an Asset Purchase Agreement with Eagle Energy Production, LLC, a private exploration and production company sponsored by Riverstone Holdings, LLC, to acquire all of their producing properties as well as their developed and undeveloped acreage primarily in the Mississippian Lime oil play in Oklahoma and Kansas for $325 million in cash and 325,000 shares of Series A Preferred Stock of Midstates with an initial liquidation preference value of $1,000 per share.

The transaction will be effective June 1, 2012 and ...

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