Mid-Con Energy Partners, LP (stock ticker: MCEP, $MCEP) has entered into definitive agreements to sell substantially all of its Texas properties for $60.0 million and to acquire producing properties in Caddo, Grady and Osage Counties, Oklahoma for $27.5 million.

The transaction is expected to close on or about March 28, 2019 with an effective date the same as the closing date.

“We are excited to announce this latest in a series of transactions which strengthen our financial position while enhancing the ...  inventory of waterflood growth projects,” said Mid-Con Energy CEO Jeff Olmstead. Mid-Con said the transaction lowers outstanding debt and leverage ratio, as calculated under its credit agreement. It expects this to be a liquidity e...

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