Houston-based independent Amplify Energy Corp. and Oklahoma’s Midstates Petroleum Co. Inc. have agreed to merge their operations in an all-stock transaction estimated to have an enterprise value of more than $720 million.
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Articles from Midstates
SandRidge Says 17 Potential Bidders Eyeing Company, Including Icahn
Oklahoma City-based SandRidge Energy Inc. said it has 17 confidentiality agreements with potential bidders in hand for the company, but it also warned shareholders they were being misled by billionaire hedge fund activist Carl Icahn, who also bidding to control the company.
Midstates’ Anadarko Basin Assets Sold to Morgan Stanley Energy, Presidio
Investment funds managed by Morgan Stanley Energy Partners (MSEP) and Presidio Investment Holdings LLC are partnering to acquire Anadarko Basin oil and natural gas assets in Texas and Oklahoma from Midstates Petroleum Co. Inc.
Midstates Sells Anadarko Basin Assets, Continues Exploring M&A Options
Midstates Petroleum Co. Inc. said Wednesday that it has reached a deal with an undisclosed buyer to sell its Anadarko Basin properties in the Texas panhandle and western Oklahoma for $58 million.
SandRidge Rejects Midstates, But Keeps Door Open for Offers
Cash-strapped onshore operator SandRidge Energy Inc. late Monday rejected an unsolicitedmerger with Midstates Petroleum Co. Inc., but the Oklahoma City-based independent said it might consider another bid by the spurned suitor or pursue other options.
Midstates Proposing Merger With SandRidge, With Mississippian Lime Focus
Less than six weeks after SandRidge Energy Inc. ditched plans to purchase Bonanza Creek Energy Inc., the Oklahoma City-based independent has a new suitor to consider: Midstates Petroleum Co. Inc.
Midstates Emerges from Bankruptcy, Returns to Action with New Board
Tulsa-based onshore producer Midstates Petroleum Co. Inc. has emerged from voluntary bankruptcy protection with a new board of directors and nearly $2 billion less in debt.
Bankruptcy Toll Continues as Midstates, Ultra File For Chapter 11
Continuing low commodity prices and a combined $5.8 billion in debt have forced two independent exploration and production companies (E&P) with holdings in several shale plays, Midstates Petroleum Co. Inc. and Ultra Petroleum Corp., to voluntarily file separate motions for bankruptcy protection.
Bankruptcy Toll Continues as Midstates, Ultra File For Chapter 11
Continuing low commodity prices and a combined $5.8 billion in debt have forced two independent exploration and production companies (E&P) with holdings in several shale plays, Midstates Petroleum Co. Inc. and Ultra Petroleum Corp., to voluntarily file separate motions for bankruptcy protection.
Midstates Shares Soar on Operations Update
An acquisition of acreage and production in the Anadarko Basin last spring is paying off for Midstates Petroleum Co. Inc., according to the company’s operations update released Wednesday. The news cheered investors, who lifted Midstates shares more than 14% Wednesday.