Mid-Con Energy Partners presents at EnerCom’s The Oil & Gas Conference®
Mid-Con Energy Partners LP (ticker: MCEP) is a publicly held limited partnership formed to own, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on Enhanced Oil Recovery. Its management team has significant industry experience with waterflood projects and operations are primarily focused on enhancing the development of producing oil properties through waterflooding.
Q2 highlights
- Reaffirmed $125 MM borrowing base in June 2018
- Ended the Quarter with $37.0 MM in availability under the revolver
- Production averaged 2,934 Boe/d for the full quarter
- Exited quarter with June average of 2,953 Boe/d
- Resulting in Adjusted EBITDA of $6.6 MM
- Ended the Quarter with total leverage of 3.14X
Breakout session at the EnerCom conference
During Mid-Con Energy Partners breakout session at the 2018 EnerCom conference, management was asked the following questions:
- How are you looking at your midstream assets, and might there be an opportunity there for more monetizations?
- What kind of availability are you seeing to acquire assets in places like Wyoming?
- How have you found Wyoming to deal with as a state, regulatory-wise?
- Do you have any other plans in Wyoming other than these waterflood developments? Will you be chasing conventional at all?
- Compare and contrast the opportunities that you’ve seen in Wyoming to Oklahoma and Texas. What’s the upside?
- Do you think there’s underlying reasons why targets are bigger in Wyoming than mid-continent?
- In regard to managing the downturn, what do you think about your operating efficiencies with respect to the downturn curve? LOE? Is there any more cost cutting you can do?
- What about disposal in Northeast Oklahoma? Have you been having any problems, or give more detail?
- How are you going to double your stock price?
You can listen to Mid-Con Energy Partners presentation here.
