•  Nasdaq

  •  OTC BB


    Midstates Petroleum (MPO) Reports Year-End 2012 Proved Reserves Up 188% to 75.5 Million Boe

    February 22 Feb 2013 | 08:18


    mpo Midstates Petroleum Company, Inc. (NYSE: MPO)

    Midstates Petroleum Company previously reported that it grew its year-end 2012 estimated proved reserves to 75.5 million barrels of oil equivalent (“MMBoe”), up 188% from 26.2 MMboe at year-end 2011. Midstates’ reserves were fully engineered by its third-party reserve engineers, Netherland Sewell and Associates (“NSAI”).


    Year-end 2012 reserves were comprised of 50% oil, 19% natural gas liquids (“NGLs”) and 31% natural gas. Of the total reserves, 37% are proved developed. Geographically, 36.8 MMBoe are in Louisiana, a 40% increase over 2011 year-end reserves, and 38.7 MMBoe are in Oklahoma. Midstates operates 94% of its reserves and improved its reserve life at year-end 2012 to 13.3 years using year-end 2012 proved reserves divided by annualized fourth quarter 2012 production rates.

    For more information on Midstates Petroleum Company, Inc. visit www.midstatespetroleum.com

    In my opinion this is a stock to watch!

    Read Full Disclaimer at http://CRWENews.com/disclaimer

    Tags: , , , ,



      Exclusive Video
  • EQCO2, Inc. Fraud Lawsuit

  • Hot stocks to watch!

    Staples Inc - SPLS

    Marvell Technology Group Ltd - MRVL

    Nokia Corp - NOK

    Popular Inc - BPOP

    NetApp Inc - NTAP

    Crown Equity Holdings Inc. - CRWE

    Corning Inc - GLW

    Gilead Sciences Inc - GILD

    Regions Financial Corp - RF

    PowerShares QQQ - QQQQ

    iShares FTSE/Xinhua China 25 - FXI

    RF Micro Devices - RFMD


    Kingdom Koncrete Inc. - KGKO

    Merck & Co Inc new - MRK

    Micron Technology Inc - MU

    Seagate Technology Plc - STX

    Applied Materials Inc - AMAT

    Direxion Shs Etf Tr - FAS

    Symantec Corp - SYMC

    SanDisk Crop - SNDK

    Tellabs, Inc - TLAB

     CRWE Network