Mid-Con Energy Partners LP (NASDAQ: MCEP) priced its public offering of 5.8 million common units at $17.27 each, the company said Nov. 11.
The units represent limited partner interests, the company added.
Underwriters were granted a monthlong option to purchase an additional 870,000 units.
Net proceeds will fund part of the purchase price for the Eastern Shelf acquisition in the Permian Basin. If it does not close, the proceeds will repay credit facility debt and support general partnership purposes.
The offer is scheduled to close Nov. 14, the company said.
RBC Capital Markets LLC, Merrill Lynch, Pierce, Fenner & Smith Inc., Raymond James & Associates Inc., UBS Securities LLC, Wells Fargo Securities LLC and Robert W. Baird & Co. Inc. are joint book-running managers.
Oppenheimer & Co. Inc., Comerica Securities Inc., Ladenburg Thalmann & Co. Inc., MLV & Co. LLC and Wunderlich Securities Inc. are co-managers.
Dallas-based Mid-Con Energy Partners LP operates and develops North American oil and natural gas properties.
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