The adoption of horizontal drilling has played a significant role in increasing the production of oil and gas. One such company rapidly growing on this technology is Midstates Petroleum Company Inc. (MPO). Midstates is an independent oil & gas exploration and production company. The company utilizes modern drilling and completion techniques to develop its oilfields in Oklahoma, Kansas, Texas, and Louisiana.
Over the last two years, the company has significantly grown through two large acquisitions. In doing so, Midstates has vastly improved its growth prospects at the potential risk of overextending itself financially. Speculative investors may appreciate that the company's CEO continues to buy stock in the company even as the price has fallen. At the same...
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