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Stock Market & Financial Investment News

News Breaks
July 24, 2014
19:45 EDTMCEPMid-Con Energy acquires Oilton Field for $56.5M in stock and cash
Mid-Con Energy Partners, through its wholly owned subsidiary, Mid-Con Energy Properties, announced that it has entered into a definitive agreement to acquire net proved reserves estimated at 2.6M barrels of oil equivalent for an aggregate purchase price of approximately $56.5M, subject to customary post-closing adjustments. The acquisition, expected to close and become effective on August 5, will be funded with approximately 2.2M units of MCEP stock and $4.5M in cash. The acquired position, the Oilton Field, is a mature asset producing from a large anticline structure underlying acreage in Creek County, OK. Mid-Con Energy will acquire operatorship in Oilton along with an approximate 97% net working interest.
News For MCEP From The Last 14 Days
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June 23, 2015
16:55 EDTMCEPMid-Con Energy announces management changes
Mid-Con Energy Partners announces the appointments of Bradley A. Cox as EVP of Business Development and Chief Engineer and Sherry L. Morgan as Chief Accounting Officer, of Mid-Con Energy GP, the general partner of the Partnership, effective July 1. Mid-Con Energy also announces that Dr. Michael L. Wiggins and David A. Culbertson have resigned from the General Partner to pursue other opportunities. Dr. Wiggins will resign as Director, Chief Engineer & President, effective July 1 and Mr. Culbertson will resign from his position as VP and Chief Accounting Officer, effective July 1.

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