Midstates Petroleum to pay down revolver borrowings via assets sale

By Tali Rackner

Norfolk, Va., Oct. 6 – Midstates Petroleum Co., Inc. said it plans to pay down outstanding borrowings under its revolving credit facility with the proceeds from its sale of the Dequincy portion of its Gulf Coast assets in Louisiana, according to a press release.

Houston-based Midstates Petroleum is an independent oil and gas exploration and production company.

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