HOUSTON--(BUSINESS WIRE)--Midstates Petroleum Company, Inc. (NYSE: MPO) announced today that the Company has rescheduled its fourth quarter 2013 earnings release from Tuesday, March 4 to Tuesday, March 11, after the close of trading on the NYSE. The Company will host a conference call to discuss fourth quarter results the following morning, Wednesday, March 12 at 10:00 a.m. Eastern time (9:00 a.m. Central time). Midstates is delaying the call due to positive developments around improved financial flexibility.
As previously disclosed, Midstates is pursuing a number of different options to streamline its portfolio, including sales of assets, joint ventures, and other possible farm-out arrangements. In conjunction with that effort, the Company is in discussions with its commercial banking group to modify its debt structure to facilitate implementing such actions. Midstates said it will discuss these positive developments during the conference call. The actions currently in progress do not include additional equity or long-term debt issuance.
Fourth Quarter Earnings Conference Call
Midstates has rescheduled its fourth quarter 2013 earnings release from Tuesday, March 4 to Tuesday, March 11, after the close of trading on the NYSE. The Company will host a conference call to discuss fourth quarter results the following morning, Wednesday, March 12 at 10:00 a.m. Eastern time (9:00 a.m. Central time).
Participants may join the conference call by dialing (877) 645-4610 (for U.S. and Canada) or (707) 595-2723 (International). The conference call access code is 51629241 for all participants. To listen via live web cast, please visit the Investor Relations section of the Company's website, www.midstatespetroleum.com.
Forward–Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expectations of plans, strategies and objectives of the Company regarding potential strategic transactions and other financing arrangements. These statements are based on certain assumptions made by the Company based on management’s experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. These include changes in oil and natural gas prices, the condition of the financial markets generally, as well as the Company’s ability to access them, the availability of suitable counterparties, and other legal or regulatory developments affecting the Company’s business and other important factors that could cause actual results to differ materially from those projected as described in the Company’s reports filed with the SEC.
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. The Company’s operations are currently focused on oilfields in the Mississippian Lime trend in northwestern Oklahoma, in the Anadarko Basin in Texas and Oklahoma, and in the Upper Gulf Coast Tertiary trend in central Louisiana. The Company is headquartered in Houston, Texas. Additional information about the Company is available at www.midstatespetroleum.com.
