- Midstates Petroleum (MPO) +3.8% premarket after guiding Q4 EBITDA and production, and announcing that it has hired an advisor to explore strategic alternatives.
- Q4 total production averaged 33,750 boe/daym with output from the Mississippian Lime properties averaged ~25K boe/day.
- MPO says FY 2014 production averaged 32.1K boe/day, capex totaled $530M, and adjusted EBITDA is expected at ~$470M; says all three measures fell within previously defined guidance ranges.
- Reduces total active rig count to four rigs, all operating in the Mississippian Lime.