New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 30, 2014
05:39 EDTMPO, PQMidstates Petroleum announces exploration agreement with PetroQuest
Midstates Petroleum (MPO) announced that it has executed an Exploration Agreement with PetroQuest Energy (PQ) under which PetroQuest acquired 50% of Midstatesí lease ownership rights in the Fleetwood area of Louisiana and a license to the associated Fleetwood 3-D seismic survey for total consideration of $24M. The consideration to be paid by PetroQuest consists of $10M in cash, $3M now and $7M in January 2015, and a credit of $14M for Midstatesí share of future exploration activities including drilling, completion and lease acquisition costs. PetroQuest will be the operator and current plans are to drill two exploration wells during the second half of 2014 with additional exploration drilling in 2015. Midstates acquired the Fleetwood 3-D seismic data in 2012 and, after reprocessing the data, has identified over 12 prospects and leads to date. Midstates estimates that the gross un-risked resource potential of the area, which includes approximately 30,000 acres under lease, exceeds 300M barrels of oil equivalent.
News For MPO;PQ From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 25, 2015
07:04 EDTMPOMidstates Petroleum reaffirms $525M revolving credit facility, expands covenant
Subscribe for More Information
March 16, 2015
09:22 EDTMPOOn The Fly: Pre-market Movers
Subscribe for More Information
07:14 EDTMPOMidstates Petroleum reports Q4 adjusted EPS 19c, consensus 2c
Subscribe for More Information
07:08 EDTMPOMidstates Petroleum sees Q1 adjusted EBITDA $100M-$110M
Subscribe for More Information
07:07 EDTMPOMidstates Petroleum narrows FY15 operational budget to $250M-$275M
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use