6 May 2014quarterly activities report● Neutral
Mid-Con Energy Partners, LP reported quarterly revenue of $19.4 million and net income of $3.8 million for the period ended 2014-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 May 2014securities registration● Neutral
Mid-Con Energy Partners, LP registered a securities offering with the SEC using its shelf eligibility.
15 Apr 2014material agreement▲ Good
On April 11, 2014 the borrowing base under the credit agreement was raised from $150 million to $170 million, effective until the next redetermination. This continues the pattern of borrowing base increases and gives the company more borrowing capacity.
19 Mar 2014director interest notice● Neutral
Mid-Con Energy Partners, LP 10%+ owner Yorktown Energy Partners Viii, L.p. disposed of 800,000 shares via option/appreciation-right settlement.
17 Mar 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 4,282 shares on the open market.
13 Mar 2014substantial holder notice● Neutral
YORKTOWN ENERGY PARTNERS VIII, L.P, YORKTOWN VIII COMPANY LP, YORKTOWN VIII ASSOCIATES LLC reported a Mid-Con Energy Partners, LP shareholding of 1,508,720 shares (7.20% of votes) in a periodic institutional filing.
12 Mar 2014director interest notice● Neutral
Mid-Con Energy Partners, LP 10%+ owner Yorktown Viii Associates LLC disposed of 800,000 shares via option/appreciation-right settlement.
12 Mar 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Peter A Leidel disposed of 800,000 shares via option/appreciation-right settlement.
11 Mar 2014substantial holder notice● Neutral
MID-CON ENERGY III, LLC disclosed a new substantial Mid-Con Energy Partners, LP shareholding (7.10% of votes).
5 Mar 2014asset acquisition disposition● NeutralMajor
On February 28, 2014 the partnership bought oil properties in Cimarron, Love and Texas Counties, Oklahoma and Potter County, Texas from affiliate Mid-Con Energy III for about $41.0 million, paid with about $7.0 million of borrowed cash and 1,500,000 new common units (valued at about $34.0 million). Issuing units adds to the unit count; the deal was approved by the independent conflicts committee, and it is a related-party deal, since the general partner's officers also hold positions at Mid-Con Energy III.
5 Mar 2014quarterly activities report● Neutral
Mid-Con Energy Partners, LP reported quarterly revenue of $19.8 million and net income of $1.6 million for the period ended 2014-03-31.
3 Feb 2014director interest notice● Neutral
Mid-Con Energy Partners, LP Exec. Chairman of the Board S Craig George received 54,500 shares as part of the equity award.
3 Feb 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Peter A Leidel received 3,400 shares as part of the equity award.
3 Feb 2014director interest notice● Neutral
Mid-Con Energy Partners, LP Chief Executive Officer Olmstead Charles R. received 54,500 shares as part of the equity award.
3 Feb 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Smith Cameron O. received 3,400 shares as part of the equity award.
3 Feb 2014director interest notice● Neutral
Mid-Con Energy Partners, LP Executive Vice President Wiggins Michael L received 10,000 shares as part of the equity award.
3 Feb 2014director interest notice● Neutral
Mid-Con Energy Partners, LP VP, Chief Accounting Officer Culbertson David received 5,000 shares as part of the equity award.
3 Feb 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. received 3,400 shares as part of the equity award.
3 Feb 2014director interest notice● Neutral
Mid-Con Energy Partners, LP Chief Financial Officer Olmstead Jeffrey R. received 54,500 shares as part of the equity award.
3 Feb 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director C Fred Jr. Ball received 3,850 shares as part of the equity award.
3 Feb 2014director interest notice● Neutral
Mid-Con Energy Partners, LP VP Bus. Develop. & Gen. Couns Pekar Nathan P. received 5,000 shares as part of the equity award.
3 Feb 2014director interest notice● Neutral
Mid-Con Energy Partners, LP director Adamson Peter III received 2,500 shares as part of the equity award.
13 Dec 2013director interest notice● Neutral
Mid-Con Energy Partners, LP VP, Chief Accounting Officer Culbertson David sold 2,500 shares at $21.62.
12 Dec 2013director interest notice● Neutral
Mid-Con Energy Partners, LP director Berry Robert W. bought 3,000 shares on the open market.
14 Nov 2013director interest notice● Neutral
Mid-Con Energy Partners, LP director Peter A Leidel disposed of 890,376 shares via option/appreciation-right settlement.
6 Nov 2013quarterly activities report● Neutral
Mid-Con Energy Partners, LP reported quarterly revenue of $22.0 million and net income of $9.3 million for the period ended 2013-12-31.
6 Nov 2013material agreement▲ GoodMajor
Third-quarter results and a bigger credit line on the same day: production up 32% year on year to 2,522 barrels equivalent a day, adjusted earnings before interest, tax, depreciation and exploration of $14.9 million, and a distribution of 51.5 cents a unit. The lender group lifted the borrowing base from $130 million to $150 million, pushed maturity out two years to November 2018 and added Bank of Nova Scotia - useful, given the partnership was down to $18.7 million of liquidity.
22 Oct 2013director interest notice● Neutral
Mid-Con Energy Partners, LP Chief Executive Officer Olmstead Charles R. gifted 30,000 shares.
22 Oct 2013director interest notice● Neutral
Mid-Con Energy Partners, LP Chief Executive Officer Olmstead Charles R. gifted 30,000 shares.
22 Oct 2013director interest notice● Neutral
Mid-Con Energy Partners, LP VP, Chief Accounting Officer Culbertson David sold 800 shares at $27.00.