Midstates Petroleum Company, Inc. Unaudited Pro Forma Condensed Combined Financial InformationPurchase and Sale Agreement • May 20th, 2013 • Midstates Petroleum Company, Inc. • Crude petroleum & natural gas
On April 3, 2013, Midstates Petroleum Company LLC (“Midstates Sub”), a wholly-owned subsidiary of Midstates Petroleum Company, Inc. (“Midstates”), entered into a Purchase and Sale Agreement (the “Agreement”) with Panther Energy Company, LLC, Red Willow Mid-Continent, LLC and Linn Energy Holdings, LLC (collectively, the “Sellers”), pursuant to which Midstates Sub agreed to acquire producing properties as well as undeveloped acreage in the Anadarko Basin in Texas and Oklahoma (the “Panther Transaction”). The total interests acquired from the Sellers are collectively referred to as the “Panther Assets”. The aggregate purchase price, subject to adjustment as provided in the Agreement, consists of $620 million in cash, with an effective date of April 1, 2013 and an anticipated closing date on or around May 31, 2013, subject to the satisfactory completion of due diligence and title reviews by the Company.
