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Profile: Mid-Con Energy Partners LP (MCEP.O)

MCEP.O on Nasdaq

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9 Dec 2016
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Mid-Con Energy Partners, LP, incorporated on July 27, 2011, is engaged in the ownership, acquisition, exploitation and development of producing oil and natural gas properties in North America, with a focus on enhanced oil recovery (EOR). The Company's properties are located in the Mid-Continent and Permian Basin regions of the United States in over five areas: Southern Oklahoma; Northeastern Oklahoma; parts of Oklahoma, Colorado and Texas within the Hugoton; Texas Gulf Coast, and Texas within the Eastern Shelf of the Permian. The Company operates approximately 100% of its properties, as calculated on a barrel of oil equivalent (Boe) basis, through its affiliate, Mid-Con Energy Operating, LLC (Mid-Con Energy Operating). The Company designs and manages the development, recompletion or work-over for all of the wells it operates and supervises operation and maintenance activities. Mid-Con Energy Operating provides the Company with management, administrative and operational services under a services agreement.

Southern Oklahoma

The Company's Southern Oklahoma properties are located in Love and Carter Counties, Oklahoma. The Company's Southern Oklahoma properties are part of approximately seven water flood units operated by Mid-Con Energy Operating. The Company's properties in these fields produce approximately 1,710 Boe per day gross, over 890 Boe per day net, and contain over 3,070 one thousand barrel of oil equivalent (MBoe) of estimated net proved reserves. The Company drills approximately one gross producing well and converts over one gross injection well to a producing well.

Northeastern Oklahoma

The Company's Northeastern Oklahoma properties are located in over four counties in Oklahoma: Cleveland, Creek, Osage and Pawnee Counties. The Company's properties are being produced under water flood and are operated by Mid-Con Energy Operating. The Company's properties in these fields produce approximately 1,640 Boe per day gross, over 1,370 Boe per day net and contain approximately 8,920 MBoe of estimated net proved reserves. Its average working interest in these properties is approximately 96% in over 230 producing, approximately 80 injection, over 10 disposal and approximately two water supply wells (gross). The Company drills approximately six gross producing wells and converts over seven gross producing wells to injection wells.

Hugoton

The Company's Hugoton properties are located in over three fields in Cimarron County and Texas County, Oklahoma, Potter County, Texas and Cheyenne County, Colorado. The Hugoton properties are part of over eight water flood units operated by Mid-Con Energy Operating, one of which Mid-Con Energy Operating unitized. The Company's properties in these units produce approximately 850 Boe per day gross, over 680 Boe per day net and contain approximately 3,210 MBoe of estimated net proved reserves. The Company has an average working interest of approximately 97% in over 70 producing, approximately 40 injection and over five water supply wells (gross).

Permian

The Company's Permian properties are located in approximately 10 counties in Texas: Coke, Coleman, Fisher, Haskell, Jones, Kent, Nolan, Runnels, Stonewall, Taylor and Tom Green Counties, Texas. The Permian properties have approximately three waterflood units operated by Mid-Con Energy Operating. The Company's properties in these fields produce approximately 2,300 Boe per day gross, over 1,680 Boe per day net and contain approximately 6,520 MBoe of estimated net proved reserves. It has an average working interest of approximately 94% in over 170 producing, approximately 30 injection, over 20 disposal and approximately three water supply wells (gross). It drills approximately five gross producing wells, over one gross water supply well and converts approximately three gross producing wells to injection wells.

Gulf Coast

The Company's Gulf Coast property is located in Liberty County, Texas. The Company's waterflood unit produces approximately 70 Boe per day gross, over 50 Boe per day net and contains approximately 530 MBoe of estimated net proved reserves. It has an average working interest of approximately 92% in approximately six producing, over three injection and approximately one water supply wells (gross). The Company drills approximately one gross producing well and converts over one gross producing well to injection.

Company Address

Mid-Con Energy Partners LP

2431 E 61st St Ste 850
TULSA   OK   74136-1236
P: +1918.7437575
F: +1302.6555049

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