Midstates Petroleum Company, Inc. Launches Initial Public Offering

HOUSTON--(BUSINESS WIRE)--Midstates Petroleum Company, Inc. (“Midstates” or the “Company”) announced today that it has commenced an initial public offering of 24,000,000 shares of its common stock. The Company is offering 18,000,000 shares of its common stock and the selling stockholders named in the registration statement are offering 6,000,000 shares of the Company’s common stock. The selling stockholders named in the registration statement will grant the underwriters for the offering a 30-day option to purchase up to an additional 3,600,000 shares of the Company’s common stock. The common stock will be listed on the New York Stock Exchange and traded under the symbol “MPO.” Midstates intends to use the net proceeds from the offering to redeem preferred units that were previously issued by an affiliate of the Company and to repay a substantial portion of its outstanding indebtedness under the Company’s revolving credit facility. Midstates will not receive any proceeds from the sale of shares by the selling stockholders.

The offering will be made pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (the “SEC”). Goldman, Sachs & Co., Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

This offering will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from the offices of:

Goldman, Sachs & Co. Attention: Prospectus Department 200 West Street, New York, NY 10282 telephone: [phone] facsimile: 212-902-9316 email: [e-mail]	Morgan Stanley & Co. LLC Attention: Prospectus Department 180 Varick Street, 2nd Floor, New York, New York 10014 telephone: [phone] email: [e-mail]
Wells Fargo Securities, LLC Attention: Equity Syndicate Dept 375 Park Avenue New York, NY 10152 telephone: [phone] email: [e-mail]

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement is available on the SEC’s web site at www.sec.gov under the registrant’s name, “Midstates Petroleum Company, Inc.” This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release includes statements regarding the offering that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control.

About Midstates Petroleum Company, Inc.

Midstates Petroleum Company, Inc. is an independent exploration and production company focused on the application of modern drilling and completion techniques to oil-prone resources in previously discovered yet underdeveloped hydrocarbon trends. Founded in 1993, the Company’s operations are currently focused on oilfields in the Upper Gulf Coast Tertiary trend onshore in central Louisiana. Midstates is headquartered in Houston, Texas.