Mid-Con amends credit facility to trim borrowing base to $190 million

By Marisa Wong

Morgantown, W.Va., Dec. 1 – Mid-Con Energy Partners, LP amended its $250 million credit agreement with Wells Fargo Bank NA to lower the borrowing base to $190 million from $220 million, according to an 8-K filing with the Securities and Exchange Commission.

The decrease became effective on Monday and includes monthly commitment reductions of $2.5 million through the partnership’s next regularly scheduled biannual redetermination, which is expected to occur on or around May 1.

Mid-Con is a Dallas-based energy company.

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