Mid-Con Energy Partners, LP Announces Closing of Public Offering of Common Units and Full Exercise of Over-Allotment Option

Mid-Con Energy Partners, LP Announces Closing of Public Offering of Common
Units and Full Exercise of Over-Allotment Option

DALLAS, Oct. 22, 2012 (GLOBE NEWSWIRE) -- Mid-Con Energy Partners, LP
(Nasdaq:MCEP) ("Mid-Con Energy" or the "Partnership") announced today the
closing of its public offering of 4,000,000 common units representing limited
partner interests in Mid-Con Energy at a price to the public of $21.20 per
unit. 1,000,000 common units were sold by Mid-Con Energy, and 3,000,000 common
units were sold by Yorktown Energy Partners VI, L.P., Yorktown Energy Partners
VII, L.P. and Yorktown Energy Partners VIII, L.P. Additionally, the
underwriters exercised in full their option to purchase an additional 600,000
common units from the Yorktown entities, the closing of which occurred
simultaneously.

Mid-Con Energy intends to use net proceeds of approximately $20.4 million from
its 1,000,000 common unit offering, after deducting underwriting discounts but
before offering expenses, to repay borrowings outstanding under its credit
facility. Mid-Con Energy did not receive any proceeds from the 3,600,000
common units sold by the Yorktown entities.

RBC Capital Markets, LLC, Raymond James & Associates, Inc., UBS Securities LLC
and Wells Fargo Securities, LLC acted as joint book-running managers. Robert
W. Baird & Co. Incorporated, Oppenheimer & Co. and Stephens Inc. acted as
co-managers for the offering.

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.

About Mid-Con Energy Partners, LP

Mid-Con Energy is a Delaware limited partnership formed in July 2011 to own,
operate, acquire, exploit and develop producing oil and natural gas properties
in North America, with a focus on the Mid-Continent region of the United
States. Mid-Con Energy's core areas of operation are located in Southern
Oklahoma, Northeastern Oklahoma and parts of Oklahoma and Colorado within the
Hugoton Basin.

The Mid-Con Energy Partners, LP logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=11192

Forward-Looking Statements

This press release includes "forward-looking statements" — that is, statements
related to future, not past, events within meaning of the federal securities
laws. Forward-looking statements are based on current expectations and include
any statement that does not directly relate to a current or historical fact.
In this context, forward-looking statements often address expected future
business and financial performance, and often contain words such as
"anticipate," "believe," "estimate," "intend," "expect," "plan," "project,"
"should," "goal," "forecast," "guidance," "could," "may," "continue," "might,"
"potential," "scheduled," or "will" or other similar words. These
forward-looking statements involve certain risks and uncertainties and
ultimately may not prove to be accurate. Actual results and future events
could differ materially from those anticipated in such statements. For further
discussion of risks and uncertainties, you should refer to Mid-Con Energy's
filings with the SEC available at www.midconenergypartners.com or www.sec.gov.
Mid-Con Energy undertakes no obligation and does not intend to update these
forward-looking statements to reflect events or circumstances occurring after
this press release. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this press
release. All forward-looking statements are qualified in their entirety by
this cautionary statement and our SEC filings.

These forward–looking statements are subject to a number of risks and
uncertainties, many of which are beyond our control, which may include
statements about our:

  *business strategies;
  *ability to replace the reserves we produce through acquisitions and the
    development of our properties;
  *oil and natural gas reserves;
  *technology;
  *realized oil and natural gas prices;
  *production volumes;
  *lease operating expenses;
  *general and administrative expenses;
  *future operating results;
  *cash flow and liquidity;
  *availability of production equipment;
  *availability of oil field labor;
  *capital expenditures;
  *availability and terms of capital;
  *marketing of oil and natural gas;
  *general economic conditions;
  *competition in the oil and natural gas industry;
  *effectiveness of risk management activities;
  *environmental liabilities;
  *counterparty credit risk;
  *governmental regulation and taxation;
  *developments in oil producing and natural gas producing countries; and
  *plans, objectives, expectations and intentions.

CONTACT: Jeff Olmstead
         President and Chief Financial Officer
         (972) 479-5980
         jolmstead@midcon-energy.com
        
         Matthew Lewis
         Associate
         (972) 479-5984
         mlewis@midcon-energy.com

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