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MidCon Energy
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Q4 & Full Year 2017 Results
| Jeff Olmstead | Page 5 of 11 |
December 20, 2025
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"Q4 & Full Year 2017 Results"
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45% 55% Maintenance Growth $1.5MM 4Q17 CAPEX $9.8 Million 2017 Total CAPEX • Maintenance: $4.7 million • Growth: $5.1 million Initiated 11 conversions to injection (1) • Oklahoma: 3 conversions • Texas: 8 conversions Spud 15 producing wells and 3 injection wells (1) • Oklahoma: 3 producing wells; 1 injection well • Texas: 12 producing wells; 2 injection wells Initiated 24 recompletions (1) • Oklahoma: 19 recompletions • Texas: 5 recompletions Increased injection by over 4,000 BWIPD in 2017 (1) MCEP Comments on Maintenance CAPEX: Maintenance CAPEX reflects the total amount of spending required to maintain proper injection pressure and flood fronts across each individual unit. 2017 Highlights and Recent Events Advance Waterflood Development (1) All numbers on a gross basis