The announcement comes about 60 days after Mid-Con issued “going concern” language in a quarterly filing it made in August.
Then, Mid-Con officials stated its ability to operate into the future would depend on whether or not it could successfully renegotiate its revolving credit agreement.
“There can be no assurance, however, that such discussions will result in a refinancing of the credit facility on acceptable terms, if at all, or provide any specific amount of additional liquidity,” the filing stated.
In the second quarter of 2020, Mid-Con Energy Partners posted a net loss of about $11.9 million, or $2.29 per share, on total revenues of about $1.3 million.