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Midstates Petroleum guides Q4 EBITDA, production

Feb. 10, 2015 8:58 AM ETMidstates Petroleum Company, Inc. (MPO) StockBy: Carl Surran, SA News Editor1 Comment
  • 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.

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