DALLAS, April 12, 2013 (GLOBE NEWSWIRE) -- Mid-Con Energy Partners, LP (Nasdaq:MCEP) ("Mid-Con Energy" or the "Partnership") announced today that its bank group has unanimously reaffirmed Mid-Con Energy's $130 million borrowing base as part of the Partnership's regularly scheduled semi-annual redetermination. There were no changes to the interest rate, repayment terms or number of banks in the revolving credit facility. The next scheduled redetermination of the borrowing base will occur on or about October 30, 2013.
Additionally, Mid-Con Energy announced its upcoming participation in the following investor conferences:
IPAA OGIS New York Conference
Jeffrey Olmstead, President and Chief Financial Officer, will be presenting at the IPAA OGIS New York Conference on Tuesday, April 16, 2013 at 10:00 a.m. EDT (9:00 a.m. CDT).
Interested parties can access the live/archived webcast and corresponding presentation slides on the morning of the event at http://www.midconenergypartners.com by clicking on "Events & Presentations" under the Investor Relations section of the website.
National Association of Publicly Traded Partnerships ("NAPTP") MLP Investor Conference
Jeffrey Olmstead will also present at the NAPTP 2013 MLP Investor Conference in Greenwich, Connecticut on Wednesday, May 22, 2013 at 11:15 a.m. EDT (10:15 a.m. CDT).
Interested parties can access the presentation slides on the morning of the event at http://www.midconenergypartners.com by clicking on "Events & Presentations" under the Investor Relations section of the website.
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.
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;
- 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.
Source:Mid-Con Energy Partners, LP