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 during the fourth quarter of 2012.
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