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MidCon Energy
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Q4 2018 Results Presentation
| Jeff Olmstead | Page 3 of 11 |
June 07, 2025
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"Q4 2018 Results Presentation"
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Mid-Con Energy Partners, LP 2018 Highlights Improved Financial Position Growth Through Acquisitions Transforming the Portfolio ? Closed approximately $23 MM in acquisitions in 2018 ? Entered new Wyoming core area with acquisitions in Powder River Basin and Big Horn Basin ? Expanded Oklahoma footprint with acquisition in July 2018 ? Increased production from 2,800 boe/d in 1Q18 to 3,663 boe/d in 4Q18 ? Raised $15 MM in Series B Convertible Preferred Equity ? Extended Senior Bank Credit Facility 2 years to November 2020 ? Ended year with $135 MM Borrowing base and $41 MM in availability ? 4Q18 Debt/Adj. EBITDA of 3.17x verses 3.54x at previous year end ? Shallow decline, low risk waterflood assets generate long-lived, stable production, cash flow and reserves ? Stable platform for future growth ? Flexibility in capital allocation ? Inventory of optimization and growth prospects (1) $93 Million in outstanding debt along with $1 Million in outstanding letters of credit (2) Debt / Adj. EBITDA calculated per Mid-Con credit agreement; includes pro forma cash flow adjustments (2) (1)