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Midstates Petroleum Bags Mississippi Lime Props; Closes On $600 Million Of Senior Notes

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October 2, 2012

Midstates Petroleum Co. Inc. (NYSE: MPO) and its wholly-owned subsidiary Midstates Petroleum Co. LLC announced the closing of their previously announced acquisition of all of Eagle Energy Production LLC’s 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 Midstates’ Series A preferred stock.

The company also announced the closing of their private placement of $600 million in aggregate principal amount of 10.75% senior unsecured notes. The notes mature on ...

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