16 Dec 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Adamson Peter III bought 10,000 shares on the open market at $5.95.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Dec 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 10,000 shares on the open market at $6.44.
12 Dec 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 10,000 shares on the open market at $6.69.
1 Dec 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 10,000 shares on the open market at $14.15.
1 Dec 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Adamson Peter III bought 23,000 shares on the open market.
26 Nov 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 2,000 shares on the open market at $14.44.
21 Nov 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Adamson Peter III bought 1,000 shares on the open market at $14.85.
21 Nov 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 6,000 shares on the open market at $15.00.
20 Nov 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 6,000 shares on the open market.
19 Nov 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 5,000 shares on the open market at $16.26.
18 Nov 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 5,000 shares on the open market at $16.26.
18 Nov 2014material agreement▲ GoodMajor
The partnership said it closed the roughly $120.0 million Texas (Eastern Shelf/Permian) acquisition announced in October, subject to post-closing adjustments from a September 1, 2014 effective date. It also raised its credit facility borrowing base from $190 million to $240 million (Amendment No. 5, November 17, 2014) and added MUFG Union Bank and Frost Bank as lenders. This resolves the open acquisition-closing thread and continues the debt-funded part of the deal; the borrowing base is up from the $170 million last in the record (the filing gives $190 million as the prior level).
13 Nov 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 4,000 shares on the open market at $16.50.
13 Nov 2014securities registration● Neutral
Mid-Con Energy Partners, LP filed a prospectus supplement for an offering off its existing shelf.
13 Nov 2014material agreement● NeutralMajor
On November 11, 2014 the partnership agreed to sell 5,800,000 new common units to the public at $17.27 each (plus an 870,000-unit over-allotment option), expecting about $96.0 million of net proceeds, with closing expected November 14, 2014. The money is to fund part of the pending $120 million Eastern Shelf (Permian) acquisition, with the rest borrowed under the credit facility. This dilutes existing unitholders through the new units; if the acquisition does not close, the proceeds would instead repay credit facility debt.
10 Nov 2014securities registration● Neutral
Mid-Con Energy Partners, LP filed the final prospectus for a registered offering.
3 Nov 2014quarterly activities report● Neutral
Mid-Con Energy Partners, LP reported quarterly revenue of $51.6 million and net income of $82 thousand for the period ended 2014-12-31.
3 Nov 2014quarterly activities report● Neutral
Mid-Con Energy Partners, LP reported quarterly revenue of $51.6 million and net income of $82 thousand for the period ended 2014-12-31.
14 Oct 2014material agreement● NeutralMajor
On October 7, 2014 the partnership agreed to buy oil properties across eleven Texas counties (Coke, Coleman, Fisher, Haskell, Jones, Kent, Nolan, Runnels, Stonewall, Taylor and Tom Green) from L.C.S. Production Company, SPA-PETCO, SPA PETCO OSU and A.G. Hill entities for about $120 million, effective September 1, 2014, with closing expected in November 2014. The press release describes it as the company's entry into the Permian Basin, with about 6.1 million barrels of oil equivalent of proved reserves and a roughly 96% working interest. Committed bank financing has been secured. This is the largest purchase in the record so far and, unlike the last two, is from unrelated sellers.
9 Oct 2014securities registration● Neutral
Mid-Con Energy Partners, LP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
6 Oct 2014securities registration● Neutral
Mid-Con Energy Partners, LP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
30 Sept 2014securities registration● Neutral
Mid-Con Energy Partners, LP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
26 Sept 2014director interest notice● Neutral
Mid-con Energy Iii, LLC became a Mid-Con Energy Partners, LP 10%+ owner and company insider (initial ownership filing).
26 Sept 2014substantial holder notice● Neutral
MID-CON ENERGY III, LLC reported a Mid-Con Energy Partners, LP shareholding of 3,714,659 shares (17.60% of votes) in a periodic institutional filing.
16 Sept 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 2,000 shares on the open market at $21.64.
15 Sept 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 3,000 shares on the open market at $21.77.
11 Sept 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 400 shares on the open market at $21.85.
9 Sept 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 1,000 shares on the open market at $21.80.
2 Sept 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Smith Cameron O. sold 1,100 shares at $22.73.
28 Aug 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Smith Cameron O. sold 1,100 shares at $22.49.