Midstates Petroleum Co. Inc. (NYSE: MPO) closed the sale of ownership interest in Dequincy, La., acreage, to Pintail Oil and Gas LLC, the company said April 22. The developed and undeveloped acreage in Beauregard and Calcasieu parishes was sold for $44 million.
Net proceeds totaled about $42 million, and they will pay some of the outstanding revolving credit facility borrowings and support general corporate purposes.
Midstates also said it will issue its first-quarter 2015 earnings release May 6.
Tulsa, Okla.-based Midstates Petroleum Co. explores and produces domestic oil.
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