Midstates Petroleum (MPO) Reports Q2 Loss of $0.06
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Midstates Petroleum Announces Second Quarter 2018 Results
August 2, 2018 5:15 PM EDTTULSA, Okla.--(BUSINESS WIRE)-- Midstates Petroleum Company, Inc. (Midstates or the Company) (NYSE: MPO) today announced its second quarter 2018 operational and financial results.
Second Quarter 2018 Highlights and Recent Key Items
Continued execution of the market-focused strategy aimed at reducing costs, generating substantial free cash flow, improving liquidity and focusing activity to maximize optionality Closed strategic sale of the Companys Anadarko Basin producing properties for $58.0 million; net proceeds were approximately $54 million, subject to post-closing adjustments Executed $50 million pay-down to reserve-based lending (RBL)... More