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Mid-Con Energy Partners

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Namestring
Mid-Con Energy Partners
Company typeenum
Private
Founded yearint
2011
Descriptiontext

Mid-Con Energy Partners is a limited partnership formed in 2011 to own, operate, acquire, exploit, and develop oil and natural gas properties. The company was headquartered in Dallas, Texas, and was structured as a publicly traded master limited partnership (MLP) on NASDAQ under the ticker symbol MCEP before subsequently being delisted. It was led by Chief Executive Officer Jeffrey R. Olmstead and employed between 51 and 100 people based on available firmographic data.

As an upstream energy operator, Mid-Con Energy Partners' stated business was the acquisition and exploitation of producing oil and gas assets, generating revenue through the sale of crude oil, natural gas, and natural gas liquids to midstream and refining counterparties. Its MLP structure would have been designed to pass through cash flows from producing properties to unit holders, after operating costs, maintenance capital, and distributions.

The input data does not disclose specific production volumes, reserve estimates, basin concentration, customer mix, contract terms, or current financial performance. With delisted status and a lean public footprint, the company's present operating scale, asset base, and strategic trajectory cannot be characterized with precision beyond the firmographic profile outlined above.

Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersDallas, United States
HQ citystring
Dallas
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
oil and gas exploration, upstream energy production, natural gas development, oil property acquisition, energy resource extraction
SIC code3 codes
  • Crude Petroleum & Natural Gas1311
  • Oil & Gas Field Exploration Services1382
  • Oil & Gas Field Services, Nec1389
Product category
Oil and Gas Exploration & Production
Social media profiles1 record
Cost components4 values
Operations, Supply Chain, Personnel, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Mid-Con Energy Partners is a Delaware limited partnership formed to own, operate, acquire, exploit, and develop oil and natural gas properties in the United States. The partnership focuses on upstream energy activities, generating revenue from the production and sale of crude oil, natural gas, and natural gas liquids from its domestic acreage positions.

Differentiator
Functional benefit
Problem solved
Product and service4 records
1Crude Oil Production
CategoryUpstream oil production
Description

Production and sale of crude oil from the partnership's domestic oil and gas properties to refiners and downstream buyers at prices tied to benchmark indices such as WTI.

2Natural Gas Production
CategoryUpstream natural gas production
Description

Production and sale of natural gas from the partnership's domestic properties to midstream pipeline operators, processors, and end users at prices tied to benchmarks such as Henry Hub.

3Natural Gas Liquids (NGL) Production
CategoryUpstream NGL production
Description

Extraction and sale of natural gas liquids (NGLs) such as ethane, propane, butane, and natural gasoline recovered in conjunction with crude oil and natural gas production, sold to fractionators and processors.

4Oil and Gas Property Acquisition and Development
CategoryUpstream property operations
Description

Acquisition, exploitation, and development of producing and non-producing oil and natural gas properties in the United States, including drilling new wells and optimizing existing production.

Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Peers10 records
TypeBroad incumbent
Description

Larger mineral and royalty-focused MLP upstream entity. Comparable MLP structure and oil & gas focus, though at meaningfully greater scale.

TypeDirect peer
Description

U.S. upstream oil & gas operator focused on the Eagle Ford and Austin Chalk. Comparable pure-play upstream strategy, though at larger scale.

TypeDirect peer
Description

Small-cap U.S. upstream E&P focused on oil and natural gas production. Directly comparable to Mid-Con as a similarly sized, focused exploration and production operator with U.S. onshore assets.

TypeDirect peer
Description

Small-cap independent upstream E&P focused on oil-weighted production in U.S. basins. Highly comparable operating model and asset profile to Mid-Con.

TypeDirect peer
Description

Small U.S. upstream oil & gas producer operating in the Permian Basin. Comparable in scale and pure-play upstream focus to Mid-Con Energy Partners.

TypeDirect peer
Description

Small U.S. upstream operator with history of financial restructuring. Highly relevant peer given Mid-Con's delisting signal and similar size/trajectory.

TypeDirect peer
Description

Independent upstream E&P focused on Rocky Mountain oil and natural gas. Directly comparable as a small-cap, focused exploration and production operator.

TypeDirect peer
Description

Small-cap MLP with upstream-adjacent oil & gas operations and similar MLP/limited partnership structure. Comparable size and energy focus.

TypeDirect peer
Description

Small energy trust holding oil and natural gas properties. Comparable in terms of focused upstream asset ownership and small-cap scale.

TypeRegional player
Description

Canadian upstream oil & gas producer focused on natural gas and liquids. Comparable upstream E&P model but operates primarily in Western Canada rather than the U.S.

Market position
Strengths3 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat2 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights4 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Mid-Con Energy Partners

Oil and Gas Exploration & Productionmidconenergypartners.com

What Mid-Con Energy Partners does

Mid-Con Energy Partners is a limited partnership formed in 2011 to own, operate, acquire, exploit, and develop oil and natural gas properties. The company was headquartered in Dallas, Texas, and was structured as a publicly traded master limited partnership (MLP) on NASDAQ under the ticker symbol MCEP before subsequently being delisted. It was led by Chief Executive Officer Jeffrey R. Olmstead and employed between 51 and 100 people based on available firmographic data.

As an upstream energy operator, Mid-Con Energy Partners' stated business was the acquisition and exploitation of producing oil and gas assets, generating revenue through the sale of crude oil, natural gas, and natural gas liquids to midstream and refining counterparties. Its MLP structure would have been designed to pass through cash flows from producing properties to unit holders, after operating costs, maintenance capital, and distributions.

The input data does not disclose specific production volumes, reserve estimates, basin concentration, customer mix, contract terms, or current financial performance. With delisted status and a lean public footprint, the company's present operating scale, asset base, and strategic trajectory cannot be characterized with precision beyond the firmographic profile outlined above.

Mid-Con Energy Partners firmographics

Firmographics
Name
Mid-Con Energy Partners
Website
https://midconenergypartners.com
Company type
Private
Founded year
2011
Headcount range
51–100 employees
Ownership category
akta.pro rank

Where Mid-Con Energy Partners is headquartered

Location

Headquarters

HQ city
Dallas
HQ country
United States
HQ region
North America

Markets served

Mid-Con Energy Partners business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Supply Chain, Personnel, Infrastructure

Mid-Con Energy Partners product offering

Product offering

Core offering

Mid-Con Energy Partners is a Delaware limited partnership formed to own, operate, acquire, exploit, and develop oil and natural gas properties in the United States. The partnership focuses on upstream energy activities, generating revenue from the production and sale of crude oil, natural gas, and natural gas liquids from its domestic acreage positions.

Differentiator

Problem solved

Functional benefit

Products and services

  • Crude Oil Production Production and sale of crude oil from the partnership's domestic oil and gas properties to refiners and downstream buyers at prices tied to benchmark indices such as WTI.
  • Natural Gas Production Production and sale of natural gas from the partnership's domestic properties to midstream pipeline operators, processors, and end users at prices tied to benchmarks such as Henry Hub.
  • Natural Gas Liquids (NGL) Production Extraction and sale of natural gas liquids (NGLs) such as ethane, propane, butane, and natural gasoline recovered in conjunction with crude oil and natural gas production, sold to fractionators and processors.
  • Oil and Gas Property Acquisition and Development Acquisition, exploitation, and development of producing and non-producing oil and natural gas properties in the United States, including drilling new wells and optimizing existing production.

Companies that use Mid-Con Energy Partners

Customer profile

Ideal customer profiles1 record

Mid-Con Energy Partners technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Mid-Con Energy Partners partnerships and signals

Strategic signal

Recent moves3 records

Mid-Con Energy Partners competitors and assessment

Company assessment

Broad incumbents

  • Viper Energy Partners: Larger mineral and royalty-focused MLP upstream entity. Comparable MLP structure and oil & gas focus, though at meaningfully greater scale.

Direct peers

  • Magnolia Oil & Gas: U.S. upstream oil & gas operator focused on the Eagle Ford and Austin Chalk. Comparable pure-play upstream strategy, though at larger scale.
  • Contango Oil & Gas: Small-cap U.S. upstream E&P focused on oil and natural gas production. Directly comparable to Mid-Con as a similarly sized, focused exploration and production operator with U.S. onshore assets.
  • Earthstone Energy: Small-cap independent upstream E&P focused on oil-weighted production in U.S. basins. Highly comparable operating model and asset profile to Mid-Con.
  • Ring Energy: Small U.S. upstream oil & gas producer operating in the Permian Basin. Comparable in scale and pure-play upstream focus to Mid-Con Energy Partners.
  • Battalion Oil (formerly Halcón Resources): Small U.S. upstream operator with history of financial restructuring. Highly relevant peer given Mid-Con's delisting signal and similar size/trajectory.
  • Bonanza Creek Energy: Independent upstream E&P focused on Rocky Mountain oil and natural gas. Directly comparable as a small-cap, focused exploration and production operator.
  • Sanchez Midstream Partners: Small-cap MLP with upstream-adjacent oil & gas operations and similar MLP/limited partnership structure. Comparable size and energy focus.
  • VOC Energy Trust: Small energy trust holding oil and natural gas properties. Comparable in terms of focused upstream asset ownership and small-cap scale.

Regional players

  • Advantage Oil & Gas: Canadian upstream oil & gas producer focused on natural gas and liquids. Comparable upstream E&P model but operates primarily in Western Canada rather than the U.S.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat2 records

Key risks6 records

Key highlights4 records

Customer concentration

Mid-Con Energy Partners social profiles

Digital presence

Mid-Con Energy Partners financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Mid-Con Energy Partners leadership team

Management profile

Number of profiles

Profiles1 record

Mid-Con Energy Partners funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Mid-Con Energy Partners M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mid-Con Energy Partners

What does Mid-Con Energy Partners do?

Mid-Con Energy Partners is a Delaware limited partnership formed to own, operate, acquire, exploit, and develop oil and natural gas properties in the United States. The partnership focuses on upstream energy activities, generating revenue from the production and sale of crude oil, natural gas, and natural gas liquids from its domestic acreage positions.

When was Mid-Con Energy Partners founded?

Mid-Con Energy Partners was founded in 2011. It employs 51 to 100 people.

Where is Mid-Con Energy Partners based?

Mid-Con Energy Partners is headquartered in Dallas, United States, in the North America region.

Who are Mid-Con Energy Partners's main competitors?

Viper Energy Partners is listed as a broad incumbent. Direct peers are Magnolia Oil & Gas, Contango Oil & Gas, Earthstone Energy, Ring Energy, Battalion Oil (formerly Halcón Resources), Bonanza Creek Energy, Sanchez Midstream Partners and VOC Energy Trust. Advantage Oil & Gas is listed as a regional player.

Does Mid-Con Energy Partners have an API?

No public API is recorded for Mid-Con Energy Partners.

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Live signals
GlobeNewswireContango Completes Acquisition of Mid-Con Energy PartnersContango completed its acquisition of Mid-Con Energy Partners, with Mid-Con unitholders receiving 1.75 Contango shares per unit. The merger consolidates operations in Fort Worth, TX, and Chairman John Goff's ownership rose to 24.3%.GlobeNewswireContango Announces Private Equity Capital RaiseContango Oil & Gas announced a private equity capital raise of approximately $39.7 million from institutional and accredited investors. The company expects to use the proceeds for its pending merger with Mid-Con Energy Partners and general corporate purposes, including debt repayment. Closing is expected on October 27, 2020.GlobeNewswireContango Oil & Gas Company and Mid-Con Energy Partners, LP Announce Strategic Merger Continuing Contango’s Consolidation Strategy; Contango Announces Related Increase in Borrowing BaseContango Oil & Gas and Mid-Con Energy Partners agreed to an all-stock merger, with Mid-Con unitholders receiving 1.75 Contango shares per unit, a 5% premium. The deal implies an enterprise value over $400 million and increases Contango's borrowing base from $75 million to $130 million. Closing is expected in late 2020 or early 2021.Benzinga51 Stocks Moving In Tuesday's Mid-Day SessionThe article lists numerous stocks moving during Tuesday's mid-day session, highlighting significant gains for companies like Mid-Con Energy Partners and ClearSign Technologies due to strong sales reports and new orders. It also notes declines for several firms, including Chesapeake Energy, which is reported to be filing for bankruptcy, and The9 Limited following a previous surge.Benzinga40 Stocks Moving in Tuesday's Pre-Market Session - American Airlines Group (NASDAQ:AAL), AAR (NYSE:AIR)The article lists numerous stocks experiencing significant price movements in Tuesday's pre-market session, driven by diverse factors including earnings reports, new orders, strategic partnerships, and financial restructuring. Notable events include Mid-Con Energy Partners' stock surge following strong Q1 sales, ClearSign Technologies receiving a major order from ExxonMobil, and Tencent seeking to become iQIYI's largest shareholder. The report also highlights declines in several other stocks after previous sessions' surges or specific corporate announcements.GlobeNewswireMid-Con Energy Partners, LP Announces First Quarter 2020 Operating and Financial Results, and Details of Recently Announced Strategic Recapitalization TransactionsMid-Con Energy Partners reported Q1 2020 net income of $2.8 million and negative operating cash flow of $0.8 million. Debt rose to $74 million, and the company completed a recapitalization that converted preferred units to common units. It also assumed Contango Resources as operator, expecting $6.5 million in annual savings.GlobeNewswireContango Announces Fee for Service Addition to Corporate Strategy and Announces Signing of Management Services Agreement with Mid-Con Energy PartnersContango announced a fee-for-service property management option and signed a management services agreement with Mid-Con Energy Partners. The deal includes a $4 million annual fee plus a $2 million deferred fee and warrants. Contango plans to hire key employees from Mid-Con to expand its expertise.GlobeNewswireMid-Con Energy Partners, LP Completes Strategic Recapitalization, Changes in Governance, Redetermination of Its Borrowing Base, and Selection of New OperatorMid-Con Energy Partners completed a recapitalization converting preferred units to common at $3.12/unit, transferred general partner ownership, and elected a new board. Its borrowing base was reduced to $64 million from $95 million, and Contango Resources will operate its properties starting July 1, 2020, expected to save $6.5 million annually.GlobeNewswireMid-Con Energy Partners, LP Announces Reverse Unit SplitMid-Con Energy Partners postponed its reverse unit split, now effective April 9, 2020, with a one-for-twenty exchange ratio. The split will reduce outstanding units from about 31 million to 1.55 million, aiming to maintain its NASDAQ Capital Market listing.GlobeNewswireMid-Con Energy Partners, LP Announces Fourth Quarter and Full Year 2019 Operating and Financial ResultsMid-Con Energy Partners reported Q4 2019 production of 3,609 Boe/d and a full-year net loss of $0.6 million, down from $18.3 million in 2018. The company achieved first water injection at its Pine Tree Shannon Unit in Wyoming and expects to continue high-grade development opportunities in 2020.