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August 03, 2015 3:52 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Midstates Petroleum Company, Inc.

Company Overview

Midstates Petroleum Company, Inc. engages in the exploration, development, and production of oil, natural gas liquids, and natural gas in the United States. It primarily focuses 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 Tulsa, Oklahoma.

321 South Boston

Suite 1000

Tulsa, OK 74103

United States

Founded in 1993

183 Employees

Phone:

918-947-8550

Key Executives for Midstates Petroleum Company, Inc.

Chief Financial Officer and Executive Vice President
Age: 50
Total Annual Compensation: $329.6K
Compensation as of Fiscal Year 2014.

Midstates Petroleum Company, Inc. Key Developments

Midstates Petroleum Receives Continued Listing Standard Notice From NYSE

Midstates Petroleum Company, Inc. announced that it had received notification on July 16, 2015, from the New York Stock Exchange (NYSE) that the price of the Company’s common stock has fallen below the NYSE’s continued listing standard. The NYSE requires that the average closing price of a listed company’s common stock not be less than $1.00 per share for a period of over 30 consecutive trading days. Under NYSE rules, the Company can avoid delisting if, during the six month period following receipt of the NYSE notice and on the last trading day of any calendar month, the Company’s common stock price per share and 30 trading-day average share price is at least $1.00. During this period, the Company’s common stock will continue to be traded on the NYSE, subject to compliance with other continued listing requirements. On July 15, 2015, the Company announced a 1-for-10 reverse stock split of the Company’s common stock which will be effective as of the close of business on August 3, 2015. The Company anticipates that when completed, the reverse stock split will cure the deficiency and return compliance with the NYSE continued listing requirement. The NYSE notification does not affect the Company’s business operations or its SEC reporting requirements and does not conflict with or cause an event of default under any of the Company’s material debt or other agreements.

Midstates Petroleum Company, Inc.(NYSE:MPO) dropped from Russell 2000 Index

Midstates Petroleum Company, Inc. will be removed from Russell 2000 Index

Midstates Petroleum Company, Inc.(NYSE:MPO) dropped from Russell 3000 Index

Midstates Petroleum Company, Inc. will be removed from Russell 3000 Index.

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