Midstates Petroleum Co. Inc.
Announced that its board of directors approved a share repurchase program authorizing the purchase of up to $50 million of the company’s common stock. The company may repurchase common stock in a single transaction or from time to time through open market purchases or other transactions, in amounts, at prices, and at such times the company deems appropriate. The share repurchase program does not obligate the company to repurchase any specific number of shares, and may be suspended, modified or terminated at any time without prior notice.
Midstates had approximately 25.3 million shares of common stock outstanding as of November 30, 2018.