Midstates Petroleum files bankruptcy

Midstates Petroleum Co. Inc. and Midstates Petroleum LLC, Tulsa, have filed for voluntary bankruptcy and will reorganize under a prearranged financial restructuring.

The company expects to conduct business as usual during bankruptcy proceedings.

The independent producer focuses on oil fields in the Mississippian Lime play in Oklahoma and the Anadarko basin in Texas and Oklahoma. It also has operations in the Upper Gulf Coast Tertiary trend of central Louisiana.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...