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Midstates Petroleum Sells Pine Prairie Assets

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May 5, 2014

Midstates Petroleum Co. Inc. (NYSE: MPO) completed its divestiture of 3,757 net acres along the Louisiana Gulf Coast for $170 million, the company said in a May 1 press release.

Houston-based Midstates sold all ownership interest in the Pine Prairie Field in Evangeline Parish, La., to a private buyer. The properties include developed and undeveloped acreage that produced an estimated 2,000 barrels of oil equivalent per day (boe/d) during January. In total, 3,907 gross acres were sold.

Midstates kept its Fleetwood 3-D seismic survey acreage and the Dequincy asset in ...

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