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News Breaks | | | | February 4, 2013 | | 08:26 EDT |  | MPO | Midstates Petroleum announces year-end 2012 proved reserves up 188%
Midstates Petroleum Company announced that it grew its year-end 2012 estimated proved reserves to 75.5 million barrels of oil equivalent, up 188% from 26.2 MMboe at year-end 2011. Year-end 2012 reserves were comprised of 50% oil, 19% natural gas liquids and 31% natural gas. Of the total reserves, 37% are proved developed. Geographically, 36.8 MMBoe are in Louisiana, a 40% increase over 2011 year-end reserves, and 38.7 MMBoe are in Oklahoma. | |
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