Mid-Continent Energy Exchange Oil and Gas Asset Auctions. It was a great successs! Mid-Con Energy Partners, LP. Mid-Con Energy Partners, LP is a publicly held Delaware limited partnership formed in July 2011 to own, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on Enhanced Oil Recovery ("EOR"). These backyards go from boring and bland to a space where you can entertain or relax. The acquisition closed on January 31, 2018, and was funded through the issuance of Class B Convertible Preferred units. “We particularly want to thank our banks and our largest investor, John Goff, for their continued support. Available to qualified MID customers. It is a prolific, mature waterflood, which produces at low decline rates that we believe has significant potential through returning producing wells and injectors to production and through waterflood optimization. It is a large grass-root waterflood project in the Shannon Sandstone with no previous water injection. Thank you to everyone who participated in our September auction. The Texas Railroad Commission estimates that the Texas reserves alone were 190 billion barrels (3.0×1010 m3) of oil including the little more than 60 billion (10 km³) already produced. Many in the region are still trying to determine the optimal technology selection and configuration for streamlined separation and storage. To upgrade Internet Explorer, click this logo: Or use one of these browsers to view the site. 1, 1906, Smackover, Arkansas, No. The amendment increases the borrowing base of the Partnership’s senior secured revolving facility to $125 million and extends the maturity to November 2020. 1, 1929, Homer, Claiborne Parish, Louisiana, Shaw, 1919, Haynesville, Claiborne Parish, Louisiana, Taylor No. All rights reserved. Tierra Yucatan Real Estate agents offer properties in Merida, Yucatan, Mexico. This led to rapid depletion of the resources and the immediate fall of oil prices. Also, the resulting influx of thousands of oil field workers led to wild growth of nearby boom towns and the lawlessness that accompanied them. Actual results and future events could differ materially from those anticipated in such statements. Total liquidity was approximately $36.8 million, including approximately $34.8 million in availability under the revolver, and approximately $2.0 million in cash on hand. Mid-Con Energy Partners, LP is a publicly held Delaware limited partnership formed in July 2011 to own, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on Enhanced Oil Recovery ("EOR"). ERC aims to develop green-field projects in the DJ Basin, Mid-Con area, Rockies, Eagle Ford and Haynesville Shales, secondary water flood and tertiary CO2 development and recovery systems in the Permian Basin and acquire specific existing complimentary assets … … The area, which consists of various geological strata and diverse trap types, was discovered and exploited during the first half of the 20th century. As operations ramp up across the region, Worthington is helping apply regional expertise to help optimize surface processing and storage. We believe this unit has potential to positively impact near-term production and cash flow as we return the field to its prior condition.”. The Powder River Basin is an area that we have desired to enter for many years. The extension of our Credit Facility, combined with the sale of Class B preferred units to investors, led by John Goff, allows us to enter our new Powder River Basin core area. Click here Seller Asset Forms Sale of Class B Convertible Preferred Units; and, Mid-Con Energy acquires ~44% average working interest, Properties include 50 producing wells, 27 injection wells, and ~31,400 HBP acres, all on a gross basis, Net total proved reserves as of December 31, 2017, were 2,974 MBOE (94% oil), Net proved developed producing reserves as of December 31, 2017, were 673 MBOE (75% oil), Average net daily production of 122 Boe/d (77% oil) calculated based on trailing three-month average ended December 31, 2017. Most of the crude oil found in the onshore mid-continent oil field is considered to be of the mixed base or intermediate type (a mix of paraffin base and asphalt base crude oil types). Mid-Con Energy Partners, LP is a publicly held Delaware limited partnership formed in July 2011 to own, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on Enhanced Oil Recovery ("EOR"). It became known as the Mid-continent Oil Field. We feel there is a large set of waterflood opportunities in this basin, supported by a number of successful analogies. Murphy, 1922, Rodessa, Caddo Parish, Louisiana, O.J. For more information, please visit Mid-Con Energy’s website at www.midconenergypartners.com. The Mid-continent oil field is a broad area containing hundreds of oil fields in Arkansas, Kansas, Louisiana, New Mexico, Oklahoma and Texas.

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