Mid-Con Energy ups borrowing base to $135 million

Chicago Dec. 19 – Mid-Con Energy Partners, LP amended its revolving credit facility to increase the borrowing base to $135 million from $125 million, according to a press release issued on Wednesday.

The increase was part of the regularly scheduled semiannual redetermination.

At closing, Mid-Con had $94 million of borrowings outstanding under the credit facility.

“We expect to continue to operate with internally generated cash flow; however, this borrowing base increase provides us additional liquidity to take advantage of opportunities as they arise in the market,” commented Jeff Olmstead, president and chief executive officer.

Mid-Con is a Tulsa, Okla.-based oil and gas producer.

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