Post Tagged with: "Oklahoma"

President and CEO of Panhandle Oil and Gas Resigns

President and CEO of Panhandle Oil and Gas Resigns

By Tyler Losier, Energy Reporter, Oil & Gas 360 Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has announced that Paul F Blanchard Jr., the company’s president, chief operating officer and a member of its board of directors, has stepped down, effective August 26, 2019. “We thank Paul for his leadership over the last several years, and his contributions in our efforts to drive shareholder value. The timing of this transition coincides well with the board’s evaluation of the company’s strategy,” said Mark T. Behrman, a member of Panhandle’s board since 2017. “Panhandle is making an expl… Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

Casillas Petroleum Resource Partners and Energy Water Services Form New Midstream Company

Casillas Petroleum Resource Partners and Energy Water Services Form New Midstream Company

By Tyler Losier, Energy Reporter, Oil & Gas 360 Casillas Petroleum Resource Partners and Energy Water Services team up to form Woody Creek Midstream Casillas Petroleum Resource Partners LLC, a portfolio company of Kayne Anderson Energy Funds, and Energy Water Services LLC, a water infrastructure company owned by Halmos Capital Partners, have entered into a partnership in order to jointly form Woody Creek Midstream, which will focus on providing water management services to producers in the SCOOP. Consequently, Woody Creek has begun construction on more than 25 miles of wastewater gathering pipeline in Garvin and McClain counties, Oklahoma. Once the infrastructure is completed in the fourth quarter of 2019, the system will con… Login or click here to subscribe

Cushing, Okla., is one of the United States oil facilities in the Keystone Pipeline System.

TransCanada’s 4,250-kilometre (2,640 mile) Keystone Pipeline System transports approximately 20 per cent of western Canadian crude oil exports to key refineries in the U.S. Midwest and Gulf Coast, where it is converted into fuel and other useful petroleum products.

U.S. Crude Stockpiles Fall, with Cushing Down for a Seventh Week – EIA

From Reuters U.S. crude oil stockpiles fell more than expected last week with supplies at the Cushing, Oklahoma hub dropping for a seventh week, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 2.7 million barrels in the week to Aug. 16, compared with analysts’ expectations for a decrease of 1.9 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.5 million barrels, EIA said, the seventh consecutive weekly fall in stocks at the delivery point for U.S. crude futures. At 42.3 million barrels, Cushing stocks were at their lowest since February, as the startup of pipelines from the Permian region to the U.S. Gulf Coast has reduced the number of barrels going to Cushing. “The report was supportive with the overall crude oil inventory decline and the continuing declines at the Cushing delivery hub, which is a trend[Read More…]

Kayne Anderson Makes $100 Million Upstream Investment

Kayne Anderson Makes $100 Million Upstream Investment

By Tyler Losier, Energy Reporter, Oil & Gas 360 Kayne Anderson Energy Fund VIII invests $100 million in newly-formed Indianola Energy Kayne Anderson Capital Advisors LP, through its Kayne Anderson Energy Fund VIII LP, has made a $100 million equity commitment in order to form Indianola Energy LLC, an upstream entity that will purse the acquisition and development of highly-proven resource plays across North America. The newly-created company will be led by energy sector veterans Chapman Amend and Todd Burgamy. “We are excited to partner with Kayne Anderson to deploy our strategy, which is centered on operations and execution capabilities,” Amend said. “As the market has shifted to placing a preference on living within cash… Login or click here to subscribe

Source: Park Energy Services

Park Energy Services Appoints New President and COO

By Tyler Losier, Energy Reporter, Oil & Gas 360 Tim Knox to serve as Park Energy Services’ new president and COO Park Energy Services, a portfolio company of private equity firm Rock Hill Capital, has appointed Tim Knox as president and chief operating officer, effective August 19. “We are very excited to announce the addition of Tim Knox to the team,” said John Seldenrust, chairman and CEO of Park Energy Services. “As Park Energy continues to exceed our growth objectives, we knew Park needed someone with Tim’s caliber and experience to continue our drive to build the leading wellhead horsepower compression company in the industry.” Knox has more than 28 years of experience in the natural gas compression industry, 15 of wh… Login or click here to subscribe

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

Lotus Midstream Mulls Reversing West Texas to Cushing Pipeline – Sources

From Reuters Pipeline operator Lotus Midstream LLC may reverse flows on a line now sending crude from West Texas to Cushing, Oklahoma, the main hub for pricing U.S. crude futures, three people familiar with the matter said on Tuesday, an unusual move that could lift U.S. benchmark prices by draining supplies. Reversing the flow on a portion of Lotus’s Centurion pipeline would send oil on a circuitous route from the country’s main storage hub at Cushing to the its top shale field in West Texas and then via new pipelines into Gulf Coast export hubs, they said. But with the operators of the new pipelines offering discounted prices to attract shippers and as oil in West Texas fetching higher prices than in Cushing, the reversal would be lucrative for shippers, traders and analysts said. “Centurion is always evaluating the best ways to serve its shippers,” said Lotus spokeswoman Casey Nikoloric,[Read More…]

August 20, 2019 - 6:01 am Closing Bell Story, Crude Oil News, Energy News, Midstream
Source: QEP Resources

Anvil Capital Partners Provides Funding for Two Companies

By Tyler Losier, Energy Reporter, Oil & Gas 360 Vermilion Cliffs Partners gets $11 million senior secured loan facility On Monday, Anvil Capital Partners, a private credit special situations lending firm, announced the final close of an $11 million senior secured loan facility to Vermilion Cliffs Partners. According to Anvil, the funds will be utilized by Vermilion to support the acquisition of producing assets in the Permian Basin, including a 30 well package with an ancillary development tranche for future drilling. This transaction closely follows a $35.5 million senior secured facility provided to Samson Oil and Gas (stock ticker: SSNYY), an Australian based company with assets in the Niobrara and Bakken formations. Sa… Login or click here to subscribe

Source: Gulfport Energy

New CFO at Gulfport Energy

By Tyler Losier, Energy Reporter, Oil & Gas 360 Quentin R. Hicks joins Gulfport Energy as executive vice president and CFO Gulfport Energy Corporation (stock ticker: GPOR), an independent E&P based out of Oklahoma City, has hired Quentin R. Hicks as its new executive vice president and chief financial officer, effective August 26. Hicks is being hired to replace Keri L. Crowell, who is stepping down after 14 years at Gulfport. He will report directly to David M. Wood, Gulfport’s president and chief executive officer. “We are very pleased to welcome Quentin as a key addition to Gulfport’s senior management team,” Wood said. “He brings a wealth of oil and natural gas finance expertise and experience to Gulfport and we lo… Login or click here to subscribe

Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts

Oil Rises More Than 2% on Firm Yuan, Expectations of More OPEC Cuts

From Reuters Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions. Brent crude LCOc1 ended the session up $1.15, or 2.1%, at $57.38 a barrel, after hitting a session high of $58.01. U.S. West Texas Intermediate (WTI) crude futures CLc1 rose $1.45, or 2.8%, to settle at $52.54 a barrel after hitting a peak of $52.98. Prices rebounded after tumbling nearly 5% to their lowest since January on Wednesday after data showed an unexpected build in U.S. crude stockpiles after nearly two months of decline. Lending some support to prices on Thursday, inventories at Cushing, Oklahoma, the delivery point for WTI, fell about 2.9 million barrels in the week to Aug. 6, said traders, citing data from market intelligence firm Genscape.[Read More…]

Source: Amplify Energy

Shareholders of Amplify Energy and Midstates Petroleum Greenlight Merger

By Tyler Losier, Energy Reporter, Oil & Gas 360 Amplify Energy and Midstates Petroleum to merge after receiving shareholder approval Amplify Energy Corporation (stock ticker: AMPY), a Houston-based independent E&P, has received the necessary shareholder approval for its previously announced all-stock merger-of-equals transaction with Midstates Petroleum Company (stock ticker: MPO). Likewise, Midstates’ shareholders also signed off on the deal at the company’s annual meeting late last week as well. The transaction, expected to close on August 6, will still be subject to the satisfaction of any remaining customary closing conditions. Amplify Energy’s current assets (source: Amplify Energy) As part of the transactio… Login or click here to subscribe

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

Alliance Resource Partners Completes Acquisition of Permian Mineral Interests

By Tyler Losier, Energy Reporter, Oil & Gas 360 Alliance Resource Partners Acquires $145 million worth of Permian mineral interests from Wing Resources Alliance Resource Partners L.P. (stock ticker: ARLP), a diversified natural resource company based in Tulsa, Oklahoma, has completed its previously announced acquisition of oil and gas mineral interests in the Permian Basin from Wing Resources LLC and Wing Resources II LLC. The transaction, which has a purchase price of $145 million, will increase Alliance’s Permian presence through the addition of approximately 9,000 net royalty acres in the Midland, with exposure to more than 400,000 gross acres. Source: EIA “Today’s announcement reflects ARLP’s commitment to build its… Login or click here to subscribe

Oil Falls 3% as Trade War Concerns Hit Demand Outlook

Oil Falls 3% as Trade War Concerns Hit Demand Outlook

From Reuters Global oil benchmark Brent futures fell more than 3% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand from the world’s two biggest buyers. Brent crude LCOc1 fell $2.08, or 3.36%, to settle at $59.81 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 97 cents, or 1.74%, to settle at $54.69 a barrel, finding some support from a draw in inventories at the Cushing, Oklahoma, storage hub and delivery hub for WTI. Stocks at Cushing fell nearly 2.4 million barrels in the week to Aug. 2, traders said, citing data from market intelligence firm Genscape. WTI’s discount to Brent WTCLc1-LCOc1 narrowed to $5.15 a barrel, its narrowest since July 2018. Both crude benchmarks plummeted by more than 7% last Thursday to their lowest level in about seven weeks after Trump’s announcement,[Read More…]

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

From Reuters Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1. The drop in Brent crude was the steepest in more than three years, undoing a fragile oil rally built on steady drawdowns in U.S. inventories even as global demand looked shaky due to the U.S.-China trade dispute. Trump’s announcement of an additional 10% levy on $300 billion worth of Chinese goods undermined hopes that the world’s two largest economies had reached a detente in a year-long conflict that has weakened growth worldwide. Brent crude LCOc1 fell $4.55, or 6.99%, to settle at $60.50 a barrel, after having dropped to $60.02, its lowest level since June 13. The international benchmark’s decline on Thursday was its biggest daily percentage drop since February 2016. U.S.[Read More…]

Source: Lagoon Water Solutions

Continental Resources Divests STACK Water Handling Facility

By Tyler Losier, Energy Reporter, Oil & Gas 360 Continental Resources sells STACK water handling facility to Lagoon Water Solutions for $85 million Continental Resources (stock ticker: CLR), an Oklahoma City-based independent E&P, is selling its eastern STACK water gathering and recycling system in Blaine county, Oklahoma to Lagoon Water Solutions for $85 million. In conjunction with the divestiture, Continental has also entered into a long-term agreement with Lagoon, in which the latter will provide water sourcing, gathering and disposal services for any of Continental’s future developments in the area. “The divestiture of this water handling facility for $85 million underscores Continental’s ability to innovatively g… Login or click here to subscribe

Source: Mach Resources

Private Equity Firm Forms Second Partnership With E&P

By Tyler Losier, Energy Reporter, Oil & Gas 360 Mach Resources and Bayou City Energy form BCE-Mach II LLC, signs two PSAs Mach Resources, an independent E&P founded in January of 2017, and upstream-focused private equity firm Bayou City Energy, have formed BCE-Mach II LLC, representing the second partnership between the two companies. Their first collaboration, BCE-Mach LLC, continues to own, operate and acquire properties in the Mississippi Lime. Source: Mach Resources In addition to forming BCE-Mach II, the two companies announced that they have signed a purchase and sale agreement (PSA) with an unnamed seller to acquire producing properties in Beckham, Custer, Dewey, Roger Mills and Washita counties, Oklahoma; an… Login or click here to subscribe

Source: Encana

Encana Moving $165 Million Cash from Divestiture to its Balance Sheet

By Tyler Losier, Energy Reporter, Oil & Gas 360 Encana sells Newfield Arkoma Basin natural gas assets Encana Corporation (stock ticker: ECA), a Canadian-based company with unconventional assets in multiple North American basins, has agreed to sell its natural gas assets in Oklahoma’s Arkoma Basin to an undisclosed buyer through its wholly owned subsidiary Newfield Exploration Mid-Continent Inc. Total cash consideration under the transaction is $165 million. “Along with our recently announced agreement to exit China, this transaction shows our commitment to realize value from non-core assets,” said Doug Suttles, Encana’s president & CEO. “Proceeds from this sale will be directed to our balance sheet.” Source: Encana … Login or click here to subscribe

NGL Energy Partners Closes with Mesquite, Announces Multiple Investments

NGL Energy Partners Closes with Mesquite, Announces Multiple Investments

NGL Energy Partners LP Closes Combination with Mesquite and Announces Investment from EIG and FS Energy and Power Fund

Source: Plains All American Pipeline, L.P.

Anticipating More Wyoming Crude: Saddlehorn Pipeline Capacity to Expand by 50%

By Tyler Losier, Energy Reporter, Oil & Gas 360 New Ft. Laramie origin point announced, open season launched Saddlehorn Pipeline Company, owned in part and operated by Magellan Midstream (stock ticker: MMP), is planning to expand its Saddlehorn pipeline to a new origin point in Fort Laramie, Wyoming, which would subsequently increase the system’s capacity by up to 100,000 BOPD. Other stakeholders in the jointly-owned pipeline include Plains All American Pipeline (stock ticker: PAA) and Western Midstream Partners (stock ticker: WES). Currently, Saddlehorn transports 190,000 BOPD of crude and condensate from the DJ and Powder River Basins to storage facilities owned by Magellan and Plains All American in Cushing, Oklahoma. S… Login or click here to subscribe

Drilling Slowdown Challenges, Invigorates Oilfield Service Providers

Drilling Slowdown Challenges, Invigorates Oilfield Service Providers

From The Oklahoman The working number of rigs drilling for oil and gas in Oklahoma is about 28% lower than what it was the first week of January. The decline has squeezed the number of employed rig workers, which likely has slowed sales and hotel tax revenues in communities near where the rigs had run. That contraction persists even while oil prices remain more robust than what many company executives had expected when evaluating market conditions for this year. But exploration and production companies aren’t reacting to the situation as they once did. Rather than aiming to boost production broadly by expanding drilling activities, companies instead are focused on producing more oil and making their operations as efficient as possible, streamlining operations by taking steps ranging from cutting staffs to entering into mergers and acquisitions. Devon Energy Corp.’s decision earlier this year to jettison its Canadian and natural gas-heavy Barnett[Read More…]

July 1, 2019 - 5:44 am Closing Bell Story, Energy News, Oilfield Services
Source: Roan Resources

Oil Capital: Roan Resources Receives Commitments for $100 Million Term Loan

By Tyler Losier, Energy Reporter, Oil & Gas 360 Roan reaffirms $750 Million borrowing base Roan Resources (stock ticker: ROAN) received commitments for a $100 million term loan facility this week, securing funds affiliated with certain shareholders represented on its board of directors. Interest rates for the loan are expected to be equal to three-month LIBOR plus 7.5%. In exchange for the financial commitments, Roan has agreed to issue 1% of the outstanding shares of Class A common stock to lenders by June 26. The term loan facility is expected to close by the end of the month.     Roan has also completed its June borrowing base redetermination for its revolving credit facility, with the company’s b… Login or click here to subscribe

E&P Merger in the STACK

E&P Merger in the STACK

By Tyler Losier, Energy Reporter, Oil & Gas 360 Chisholm Oil and Gas to combine with Gastar Exploration Chisholm Oil and Gas LCC, backed by Apollo Global Management (stock ticker: APO), has entered into a definitive merger agreement with Gastar Exploration LLC, owned by private equity firm Ares Management Corporation (stock ticker: ARES).   Source: Gastar The combined company will retain the name Chisholm Oil and Gas and will occupy a position of approximately 165,000 net acres, predominantly in Kingfisher county, Oklahoma. Chisholm’s average production rate after the merge is expected to reach approximately 20,000 BOEPD. Chisholm currently operates three rigs and has a designated frac crew, which it expects to … Login or click here to subscribe

Source: Lime Rock Resources

PE Firm Acquires Assets from BP

By Tyler Losier, Energy Reporter, Oil & Gas 360 Lime Rock Resources acquires land from BP Lime Rock Resources, a private equity firm and operator under the umbrella of Lime Rock Partners, announced today that it has signed a definitive agreement with BP America Production Company to acquire oil and gas assets in Cleveland and McClain counties, Oklahoma. The transaction represents the company’s eighth acquisition in Oklahoma. The newly purchased property is located approximately 50 miles east of Lime Rock’s existing Norge unit operations, which were purchased in 2014. Lime Rock’s Norge unit operation (Source: Lime Rock Resources) “As oil and gas companies continue to shift their capital and focus on fewer areas, they are… Login or click here to subscribe

Building Boom Shows Biggest U.S. Oil Hub Hasn’t Lost Its Allure

Building Boom Shows Biggest U.S. Oil Hub Hasn’t Lost Its Allure

From Bloomberg Over two million barrels a day of new pipe capacity planned, Storage capacity at Cushing could reach 100 million barrels America’s largest oil hub in Cushing, Oklahoma, is growing even as producers and traders look to move surging West Texas production to the coast for export. The U.S. petroleum industry is planning to build about 4.8 million barrels of storage capacity and as many as seven new pipelines to move oil to and from the hub. The growth is a reminder of Cushing’s significance as a key trading hub for U.S. and Canadian crudes despite booming exports, according to speakers at last week’s Crude Oil Quality Association meeting in Oklahoma City. Companies are building up Cushing, the delivery point for West Texas Intermediate futures, even as pricing in Houston is growing in importance for overseas markets. U.S crude exports reached 3.6 million barrels of crude per day during[Read More…]

Source White Star Petroleum

Another Chapter 11: White Star Petroleum to Explore Strategic Alternatives

By Tyler Losier, Energy Reporter, Oil & Gas 360   White Star receives $28.5 million in committed financing White Star Petroleum, LLC, a privately held independent E&P headquartered in Oklahoma City, is exploring strategic alternatives after commencing voluntary Chapter 11 with the support of its primary secured creditors. The company received $28.5 million in committed “debtor-in possession” (DIP) financing to help increase liquidity, provided by certain of its current syndicate of RBL leaders, with MUFG Union Bank as the administrative and collateral agent. The DIP is subject to court approval, as well as a series of other motions White Star is planning to file in order to ensure its continued ability to operate as … Login or click here to subscribe

Source: Magellan Midstream

Magellan Midstream Names New Board Member

By Tyler Losier, Energy Reporter, Oil & Gas 360   Chansoo Joung joins Tulsa, Oklahoma Company  Magellan Midstream Partners, L.P. announced this morning that it has elected Chansoo Joung as an independent board member, effectively immediately. Previously, Joung worked in the energy sector of the finance industry as a partner and senior advisor for Warburg Pincus LLC from 2005 to 2015. He also held a number of senior positions at Goldman Sachs from 1987 to 2004, ending his seventeen-year tenure at the company as the head of the American Energy and Power investment banking group. Source: Apache Corporation Joung attended Dartmouth college for his undergrad, where he received a bachelor’s degree Physics. He then went on … Login or click here to subscribe

Jones Energy Logo

Jones Energy Emerges from Bankruptcy with $225 Million Borrowing Base Agreement

By Tyler Losier, Energy Reporter, Oil & Gas 360   On May 17, Jones Energy, Inc. (stock ticker: JONEQ) emerged from Chapter 11 after satisfying the requirements of the company’s pre-packaged plan. The announcement came 33 days after the company filed for bankruptcy protection, and less than two weeks after the U.S. Bankruptcy Court for the Southern District of Texas confirmed the plan on May 6. According to representatives for Jones, the intended course of action should not interfere with the “ordinary course of business” at the company. Map of Jones Energy’s Acreage As part of the agreed upon plan, all of Jones’ existing securities are to be cancelled, and the company will be issuing 4,436,130 shares of Class A commo… Login or click here to subscribe

Roan Resources (stock ticker: ROAN), an independent oil and natural gas company based out of Oklahoma City,Merge, SCOOP and STACK producer Roan Resources, Inc. (stock ticker: ROAN) said it expects 2Q production to exceed 50 MBOEPD,- Oil & Gas 360

Roan Resources Exploring Strategic Alternatives

Citigroup and Jefferies enlisted to help determine strategy as to M&A, partnership options By Tyler Losier Roan Resources (stock ticker: ROAN), an independent oil and natural gas company based out of Oklahoma City, is enlisting the help of Citigroup Global Markets Inc. and Jefferies LLC to help explore strategic alternatives. Source: Roan Resources Over the last couple of months, Roan has reportedly received numerous unsolicited offers for outright purchase of the company, in addition to several inquiries for consolidation and partnership. As a result, in late April, Roan formed a transactional committee comprised of legal and financial advisors to evaluate the various options on the table, with the goal of finding the most… Login or click here to subscribe

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

A Look at U.S.A.’s Energy States: Which Are the Best and Worst for Business?

CEOs rank Texas at the top, California at the bottom Chief Executive magazine has published its newest list of the best and worst states for business. Texas ranked Number One—again. California is Number 50—again. In the executive summary of its findings, the magazine quoted a consultant as saying: ” ‘the Chief Executive ranking … reflects what decision-makers are saying. And it’s what they think that counts’. “In that regard, the best states can practically do no wrong, with their inherent advantages enhanced by enlightened administrations continually finding ways to be welcoming to CEOs and their economic booty. “Perennial No. 1 Texas is an example. Governor Greg Abbott risks the ire of indigenous football fans by comparing his state’s performance atop economic-development rankings to that of the New England Patriots of the National Football League, just repeatedly winning everything despite everyone else’s best efforts. “California has it real bad,” the magazine said, “with[Read More…]

May 16, 2019 - 1:09 pm Closing Bell Story, Economy, Jobs
U.S. Super-Light Oil Output Rise Roils Texas, Oklahoma Markets

U.S. Super-Light Oil Output Rise Roils Texas, Oklahoma Markets

From Reuters Growing production of Texas super-light oil – and worries about its quality compared with other types of crude – is slowing down deliveries into the main U.S. storage hub in Oklahoma, draining supply there and adding to a glut in Texas. In the last several months, drillers are producing more oil known as West Texas Light (WTL), a type of crude that differs from what is blended at the Cushing, Oklahoma hub to produce the benchmark U.S. oil grade. Cushing, which currently has 46 million barrels in storage, is one of the biggest blending markets in the world, where light and heavy crude are mixed to produce that blend, which is deliverable against benchmark U.S. futures. Pipeline companies have started requiring shippers to separate the super-light oil due to worries that the grade is too light, differing too much from other crude gathered in west Texas. That slowed[Read More…]

April 12, 2019 - 5:51 pm Closing Bell Story, Crude Oil News, Energy News
Mid-Con Energy Partners Sells Texas, Buys Oklahoma Producing Properties

Mid-Con Energy Partners Sells Texas, Buys Oklahoma Producing Properties

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… Login or click here to subscribe