Midstates Petroleum to Release Earnings Report May 9

Midstates Petroleum, the Tulsa company that sought a merger with Oklahoma City’s SandRidge Energy and failed, will announce its first quarter 2018 earnings on Wednesday, May 9.

The results will be released after the close of trading on the New York Stock Exchange. A conference call will be held the next day at 7:30 a.m. Central Time.

Focusing on oilfields in the Mississippian Lime Play in Oklahoma and the Anadarko Basin in Texas and Oklahoma, the company announced in the fourth quarter of 2017 an attempt to combine with SandRidge Energy but SandRidge opposed it.

Midstates reported a net loss of more than $85 million or $3.39 a share in 2017 but still had proved reserves of nearly 109 million barrels of oil equivalent at the end of the year. It also had production of more than 21,000 barrels of oil equivalent a day in the fourth quarter of 2017.