Midstates Petroleum (MPO) Posts Q1 Loss of $1.31/Share
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Midstates Petroleum Announces First Quarter 2014 Results
May 6, 2014 4:41 PM EDTHOUSTON, May 6, 2014 (GLOBE NEWSWIRE) -- Midstates Petroleum Company, Inc. ("Midstates" or the "Company") (NYSE: MPO) today announced its financial and operating results for the three months ended March 31, 2014.
Highlights:
Achieved Adjusted EBITDA of $111.3 million, up 97% from $56.5 million for the first quarter of 2013. Increased production to a new high, averaging 32,450 barrels of oil equivalent (Boe) per day for the month of April 2014, including record Mississippian Lime production of 19,800 Boe per day. First quarter production averaged 29,004 Boe per day, which was reduced by a total of 2,300 Boe per day due to severe winter weather,... More