March 01, 2015 8:49 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Midstates Petroleum Company, Inc.

Company Overview

Midstates Petroleum Company, Inc. is engaged in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. It primarily focused on oilfields in the Mississippian Lime trend in northwestern Oklahoma; the Anadarko Basin in Texas and Oklahoma; and the Upper Gulf Coast Tertiary trend in central Louisiana. The company was founded in 1993 and is headquartered in Houston, Texas.

4400 Post Oak Parkway

Suite 1900

Houston, TX 77027

United States

Founded in 1993

217 Employees

Phone:

713-595-9400

Key Executives for Midstates Petroleum Company, Inc.

Chief Financial Officer, Chief Accounting Officer and Senior Vice President
Age: 49
Total Annual Compensation: $220.7K
Compensation as of Fiscal Year 2013.

Midstates Petroleum Company, Inc. Key Developments

Midstates Petroleum Company, Inc. Reports Operating and Capital Expenditure Results for the Fourth Quarter and Year of 2014; Provides Earnings Guidance for the Year 2014

Midstates Petroleum Company, Inc. reported operating and capital expenditure results for the fourth quarter and year of 2014. For the quarter, the company announced production averaged approximately 33,750 barrels of oil equivalent (Boe) per day of which approximately 42% was oil, 21% was natural gas liquids (NGLs) and the balance was natural gas. Production from the Company’s Mississippian Lime properties averaged approximately 25,000 Boe per day. With another strong quarter of production growth, full year production averaged approximately 32,100 Boe per day. The company invested approximately $115 to $120 million in operational capital expenditures during the fourth quarter of 2014. For the year, capital expenditures totaled approximately $530 million Adjusted EBITDA is expected to total approximately $110 to $115 million for the fourth quarter of 2014. Adjusted EBITDA is expected to be approximately $470 million for the year 2014.

MPO Explores Strategic Alternatives

Midstates Petroleum Company, Inc. (NYSE:MPO) announced the engagement of Evercore Group LLC as advisor to explore strategic alternatives.

Midstates Petroleum Company, Inc. Announces Resignation of Stephen J. Mcdaniel from the Board of Directors

On January 9, 2015, Stephen J. McDaniel resigned from the Board of Directors of Midstates Petroleum Company, Inc. (the Company), effective immediately. Mr. McDaniel's decision to resign as a director was not the result of any disagreement with the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 30, 2014
Midstates Petroleum Company, Inc., Fleetwood Project
 

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