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Revett Mining Company, Inc. Message Board

bottom_fisher_bob 1 post  |  Last Activity: Apr 21, 2015 7:04 PM Member since: Nov 20, 2008
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  • TULSA, Okla.--(BUSINESS WIRE)--

    Midstates Petroleum Company, Inc. (MPO) (the “Company”) announced today the closing of the previously announced sale of ownership interest in developed and undeveloped acreage in the Dequincy area located in Beauregard and Calcasieu Parishes, Louisiana for $44 million to Pintail Oil and Gas LLC. The net proceeds were approximately $42 million, which was net of customary closing adjustments. The proceeds from the sale will be used to pay down a portion of the outstanding borrowings under the Company’s revolving credit facility and for general corporate purposes.

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