MCEP Profile
Mid-Con Energy Partners, LP (MCEP) is a publicly-traded oil and natural gas exploration and production company based in Tulsa, Oklahoma. The company's operations are focused on the Mid-Continent region of the United States, including Oklahoma, Texas, and Kansas.
As of the close of trading on February 18, 2023, Mid-Con Energy Partners' stock was trading at $0.19 per unit. The company has faced a number of challenges in recent years, including declining oil and gas prices, increased competition, and the ongoing effects of the COVID-19 pandemic.
Mid-Con Energy Partners has a portfolio of producing oil and gas assets, as well as interests in several development projects. The company's strategy is focused on maximizing the value of its existing assets through efficient operations and targeted investments in development and exploration.
In terms of financial performance, Mid-Con Energy Partners reported total revenues of $60.4 million and a net loss of $33.6 million for the full year 2021. The company has a significant amount of debt on its balance sheet, and has been working to reduce its debt levels through asset sales and other measures.
Overall, Mid-Con Energy Partners is a small-cap energy company that faces a number of challenges in the current market environment. While the company has a portfolio of producing assets and development projects, investors should carefully consider the risks and potential rewards before investing in Mid-Con Energy Partners' stock.
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