Midstates Petroleum Company, Inc. Unaudited Pro Forma Condensed Combined Financial InformationAsset Purchase Agreement • June 20th, 2013 • Midstates Petroleum Company, Inc. • Crude petroleum & natural gas
On August 11, 2012, Midstates Petroleum Company, Inc. (“Midstates”) and Midstates Petroleum Company LLC (“Midstates Sub”), a wholly owned subsidiary of Midstates, entered into an Asset Purchase Agreement (the “Agreement”) with Eagle Energy Production, LLC (“Eagle”), pursuant to which Midstates Sub agreed to acquire certain interests in producing oil and natural gas assets, unevaluated leasehold acreage in Oklahoma and Kansas and the related hedging instruments (the “Eagle Energy Acquisition”). The acquisition closed on October 1, 2012. The aggregate purchase price, after post-closing adjustments as provided in the Agreement, consisted of (a) $351,277,000 in cash and (b) 325,000 shares of Series A Preferred Stock of Midstates with an initial liquidation preference of $1,000 per share (the “Preferred Stock”).
