> l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1Courier New1Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)**_($* #,##0_);_($* (#,##0);_($* ""_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* ""_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* ""??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* ""??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)60%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0) + ) , * Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~4#܈ ~~<#܈ ~~3#܈ ~~7#܈ ~~83ffff̙̙3f3fff3f3f33333f33Washington DC 20549&Securities registered pursuant )Table of ContentsAOverview_Our Areas of Operation {Estimated Proved Reserves&14Development of Proved Undevel/15Development ActivitiesProductive WellslProduction by FieldDeveloped Acreage= 43PART II&
Issuer Purchases of Equity Secu#DG46NonGAAP Financial Measuresf46NonGAAP Financial (1);z52Results of OperationsP
Cash Flows,Contractual Obligations"Consolidated Balance Sheets&Consolidated Statements of Oper#Consolidated Statements (1)#4Consolidated Statements (2)&SNoncash Investing Financing and"dPermian BoltOn Acquisition %rHugoton Core Area Divestiture <Note 4 Equity AwardsRestricted unit awards&{71Equitysettled phantom unit aw&
Note 5 Derivative Financial InsdNote 5 Derivative (1)GNote 5 Derivative (2)DNote 5 Derivative (3)FNote 5 Derivative (4)Impairment S+Impairment (1)&f:Note 7 Asset Retirement ObligatKNote 8 Debt+ZLeases hgOur DistributionswOur Distributio (1)Oilfield Services RQuarterly data unaudited&84Supplementary oil and natural&Estimated proved oil and natura&Standardized Measure of Discoun#Standardized Measure of (1)&
Directors and Executive Officer$Compensation Committee Report!)LongTerm Incentive Program!;Summary Compensation Table!^Grants of PlanBased Awards&9q97Outstanding Equity Awards at &Option Exercises and Stock Vest&ə98Potential PostEmployment Paymd98Potential Pos (1) Compensation of DirectorsuCompensation of (1)Compensation of (2)Director Independence
105PART IV,@105PART IV (1)aPETROLEUM CONSULTANTS&oCONSENT OF INDEPENDENT PETROLEUKPETROLEUM CONSU (1)Future Net Revenue
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OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }%}
#MidCon Energy Partners, LP10K
02/28/2017Washington, D.C. 20549
Delaware
45?2842469'(State or other jurisdiction of(I.R.S. Employer&incorporation or organization)Identification No.)
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/(TymaU=wkC=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??@Washington DC 20549Table of Contents
OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }U}$}}$
#MidCon Energy Partners, LP10K
02/28/2017H@Securities registered pursuant to Section 12(g) of the Act: None
Large accelerated filer
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Accelerated filer
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Nonaccelerated filer x!Smaller reporting company x$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,[OC7+qAq=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??@Washington DC 20549!Securities registered pursuant
OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}:}
3
#MidCon Energy Partners, LP10K
02/28/2017Table of Contents
PART I
Item 1.Business~
Item 1A.Risk Factors~
j
Item 1B.!
Unresolved Staff Comments~
Item 2.
Properties~
Item 3.Legal Proceedings~
Item 4.Mine Safety Disclosures~
PART IIItem 5..&Market for Registrant's Common Equity,~
.&Related Stockholder Matters and Issuer&Purchases of Equity SecuritiesItem 6.Selected Financial Data~
Item 7.,$Management's Discussion and Analysis~
80of Financial Condition and Results of OperationsItem 7A.0(Quantitative and Qualitative Disclosures~
About Market RiskItem 8..&Financial Statements and Supplementary~
DataItem 9.5Changes in and Disagreements with Accountants~
b.&on Accounting and Financial DisclosureItem 9A.Controls and Procedures~
bItem 9B.Other Information~
fDl~rfZ6VrgxOH !"#$%&'()*+,./012 PART III !Item 10.3!+Directors, Executive Officers and Corporate~
!f""
Governance#Item 11.#Executive Compensation~
#v$Item 12.0$(Security Ownership of Certain Beneficial~
$%5%Owners and Management and Related Stockholder&&Matters'Item 13.7'/Certain Relationships and Related Transactions,~
'(!(and Director Independence)Item 14..)&Principal Accounting Fees and Services~
)**PART IV*+Item 15.+Exhibits~
+,,,
Signatures~
./$0____________________________11)Created by Morningstar Document Research.02(http://documentresearch.morningstar.com/*ah{Yz[yN=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??@Washington DC 20549!Securities registered pursuant Table of ContentsOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}
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#MidCon Energy Partners, LP10K
02/28/2017Overview
December 2016
Estimated
AverageGross Active WellsNet Proved Reserves
Production
Core Area
MBoe
%
%
% Proved
Boe/d
Boe/d
Reserveto
Oil and
+
#Injection, Disposal or Water Supply
Gross Shutin orOperated (1)Oil
Developed
GrossNet
ProductionNatural
Wells
Waiting on
Ratio (2) Gas WellsCompletion (3)
(Years)Southern Oklahoma~
*~
%~
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* %~
~
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~
.~
f~
~
Northeastern Oklahoma~
~
%~
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%~
~
~
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~
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~
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~
~
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~
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OverviewEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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#MidCon Energy Partners, LP10K
02/28/2017Our Areas of Operation
Average Net Production
4
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% of
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Total
Developed
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Reserves Core AreaNet% ofMBoe
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Amount (1)% of(Boe/d)
Total
($ in millions)
Total
Southern Oklahoma~
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~
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~
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~
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OverviewOur Areas of Operation!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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#MidCon Energy Partners, LP10K
02/28/2017!Estimated Proved Reserves
Net Oil
Net Gas
Total
MBblsMMcfNet MBoeReserve Data (1)+
#Estimated proved developed reserves~
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~
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~
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OverviewOur Areas of OperationEstimated Proved Reserves15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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#MidCon Energy Partners, LP10K
02/28/20174,14Development of Proved Undeveloped Reserves
Net Oil
Net Gas
Total
MBblsMMcfNet MBoe2*Proved Undeveloped Reserves as of December~
ji~
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~
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Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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02/28/2017 15Development Activities
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Impairment Impairment (1)!Note 7 Asset Retirement Obligat
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#MidCon Energy Partners, LP10K
02/28/2017Productive Wells
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Net WellsOperatedNonoperated
Total
Operated
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TotalOil~
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OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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#MidCon Energy Partners, LP10K
02/28/2017Production by Field
Year Ended December 31,~
~
~
~
zOilNatural GasOil
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OilNatural Gas
Core Area
(MBbls)
(MMcf)
(MBbls)
(MMcf)
(MBbls)
(MMcf)
Southern Oklahoma~
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~
*
~
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~
~
~
b~
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~
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~
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~
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~
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~
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~
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02/28/2017 43PART II
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02/28/2017%46NonGAAP Financial Measures
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02/28/2017%46NonGAAP Financial Measures
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02/28/2017#Consolidated Balance Sheets
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105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }:}$
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02/28/20170(Note 5. Derivative Financial Instruments
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Total Bbls Hedged/day
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02/28/20170(Note 5. Derivative Financial Instruments
Gross
Gross Amounts
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02/28/20170(Note 5. Derivative Financial Instruments
Gross
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Offset in the Presented in the
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Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }2}$
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02/28/20170(Note 5. Derivative Financial Instruments
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~
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02/28/2017
Impairment
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02/28/2017
Impairment
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Impairment Impairment (1)
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }U5}$
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02/28/2017,$Note 7. Asset Retirement Obligations
Year Ended December 31,~
~
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Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
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105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }$4}$
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02/28/2017Note 8. Debt
Year Ended December 31,~
~
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02/28/2017Leases ~
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Impairment Impairment (1)!Note 7 Asset Retirement Obligat
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#MidCon Energy Partners, LP10K
02/28/2017Our Distributions
TotalDistribution
Distributions Date PaidPeriod Coveredper Unit(in thousands)
February 13, 2015
+
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02/28/2017Our Distributions
TotalDistribution
Distributions Date PaidPeriod Coveredper Unit(in thousands)
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,
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02/28/2017Oilfield Services
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~
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~
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#MidCon Energy Partners, LP10K
02/28/2017"Quarterly data (unaudited)
Quarters EndedMarch 31June 30 September 30
December 31/'(In thousands, except per unit amounts)~
!Oil and natural gas sales~
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#MidCon Energy Partners, LP10K
02/28/20176.84Supplementary oil and natural gas activities
Year Ended December 31,~
~
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z(in thousands)#
Property acquisition costs:
Proved~
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~
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#MidCon Energy Partners, LP10K
02/28/2017A9Estimated proved oil and natural gas reserves (unaudited)
Oil
Natural Gas
MBoe(MBbls)(MMcf)2*Proved developed and undeveloped reserves:
As of December 31, 2013~
J
~
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+#Revisions of previous estimates (1)~
N~
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~
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~
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~
z~
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Z
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#MidCon Energy Partners, LP10K
02/28/2017kcStandardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Natural Gas Res
Year Ended December 31,~
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#MidCon Energy Partners, LP10K
02/28/2017( Directors and Executive Officers
Name
Age
,
$Position with MidCon Energy GP, LLC#Charles R. "Randy" Olmstead~
'Executive Chairman of the BoardJeffrey R. Olmstead~
.&President, Chief Executive Officer and
DirectorMatthew R. Lewis~
z/'Vice President, Chief Financial Officer Charles L. McLawhorn III~
5Vice President, General Counsel and Corporate SecretarySherry L. Morgan~
Chief Accounting OfficerPeter Adamson III (1)~
.DirectorC. Fred Ball Jr. (2)~
"DirectorWilkie S. Colyer Jr.~
DirectorPeter A. Leidel~
DirectorCameron O. Smith (1)~
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Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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#MidCon Energy Partners, LP10K
02/28/2017%Compensation Committee Report
#
Charles R. "Randy" OlmsteadJeffrey R. OlmsteadMatthew R. Lewis
Michael D. Peterson Charles L. McLawhorn IIISherry L. Morgan$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/. ~rfZN6U!=PF0*8X>
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Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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#MidCon Energy Partners, LP10K
02/28/2017#LongTerm Incentive Program
Plan category
"
Number of securities to be
Weightedaverage
0
(Number of securities remaining available
issued upon exercise ofexercise price of( for future issuance under equityoutstanding options,outstanding options,0(compensation plans (excluding securities
warrants and rights
warrants and rights
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Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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#MidCon Energy Partners, LP10K
02/28/2017"Summary Compensation Table
#
Name and Principal Position
Year
Salary
Bonus
Unit Awards
All Other Compensation
Total(in thousands)Charles R. Olmstead~
~
~
~
r~
~
~
v'
Executive Chairman of the Board
~
~
~
r
$?
~
2
$?
~
~
z~
~
*
~
$?~
Jeffrey R. Olmstead~
~
~
~
r~
*~
~
#President, CEO and Director~
~~
$?
~
2
$?~
~
z~
~
6
~
$?~
Matthew R. Lewis (1)#VP, Chief Financial Officer~
~
~
~
~
z~
~
:Michael D. Peterson (1)~
~
$?
$?~
~
~
#VP, Chief Financial Officer~
~~
"~
~
:
$?~
:~
z~
~
R
~
"
$?~
"$Charles L. McLawhorn III (2)~
~
~
~
~
~
~
J)!VP, General Counsel and SecretarySherry L. Morgan (3)~
~
~
~
~
~
~
Chief Accounting Officer~
~~
~
J
~
>
$?~
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Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation Table!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}$ }}$ }} $
#MidCon Energy Partners, LP10K
02/28/2017#Grants of PlanBased Awards
Name
Grant Date
Unit
Grant Date Fair Value ofAwardsUnit AwardsCharles R. Olmstead 7/20/2016~
B
~
Jeffrey R. Olmstead 7/20/2016~
B
~
Matthew R. Lewis 7/20/2016~
8~
? Charles L. McLawhorn III 7/20/2016~
~
^ Sherry L. Morgan 7/20/2016~
8~
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Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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#MidCon Energy Partners, LP10K
02/28/20176.97Outstanding Equity Awards at Fiscal Year End
Name
!
Number of Units That Have
Market Value of UnitsNot Yet VestedThat Have Not Yet
Vested (1)
Charles R. Olmstead
~
j
~
~
~
~
~
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~
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~
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(~
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Charles L. McLawhorn III~
8~
~
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~
~
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Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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#MidCon Energy Partners, LP10K
02/28/2017)!Option Exercises and Stock Vested
Name
,
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!
Value Realized on VestingCharles R. Olmstead~
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Jeffrey R. Olmstead~
n~
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Matthew R. Lewis~
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Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}$
#MidCon Energy Partners, LP10K
02/28/2017RJ98Potential PostEmployment Payments and Payments upon a Change in Control
Charles R. Olmstead
Termination Upon
Termination
QualifyingDeath, Disability
Without Cause
Termination
or Retirement
Following
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OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment PaymCompensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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#MidCon Energy Partners, LP10K
02/28/2017RJ98Potential PostEmployment Payments and Payments upon a Change in Control
Jeffrey R. Olmstead
Termination Upon
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OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of (1)Compensation of (2)Director Independence
105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}$
#MidCon Energy Partners, LP10K
02/28/2017!Compensation of Directors
Name (1)
Fee Earned or
Unit Awards (2)
TotalPaid in CashPeter Adamson III~
B~
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Cameron O. Smith
~
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OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (2)Director Independence
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#MidCon Energy Partners, LP10K
02/28/2017!Compensation of Directors
Name of Beneficial Owner
Common Units to be
Percentage of
Preferred Units
Percentage ofBeneficiallyCommon Units
to be
Preferred Units Owned (1)
to beBeneficially
to be
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Owned (2)
Beneficially Owned.&Yorktown Energy Partners VI, LP (3)(4)~
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OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Director Independence
105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}
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#MidCon Energy Partners, LP10K
02/28/2017!Compensation of Directors
Name of Beneficial Owner$
Class A Membership Interests
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OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)
105PART IV105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }m}$
#MidCon Energy Partners, LP10K
02/28/2017Director Independence
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OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence105PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }I }$ }@
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#MidCon Energy Partners, LP10K
02/28/2017
105PART IV
Exhibit
DescriptionNumber
@

%Certificate of Limited Partnership of1)MidCon Energy Partners, LP (incorporated5by reference to Exhibit 3.1 to MidCon Energy%Partners, LP's registration statement4,on Form S1 filed with the SEC on August 12,#2011 (File No.333176265)). @2*Certificate of Formation of MidCon Energy5GP, LLC (incorporated by reference to Exhibit913.4 to MidCon Energy Partners, LP's registration0(statement on Form S1 filed with the SEC2*on August 12, 2011 (File No. 333176265)).ffffff
@/'First Amended and Restated Agreement of%Limited Partnership of MidCon Energy3+Partners, LP, dated as of December 20, 2011%(incorporated by reference to Exhibit4,3.1 to MidCon Energy Partners, LP's current=5report on Form 8K filed with the SEC on December 23,D+ lyma=5KCT0G !"#$%&'()*+,./0123456789:;<=>? ~
n!!!"333333@"."&Amended and Restated Limited Liability##/#'Company Agreement of MidCon Energy GP,$$8$0LLC, dated as of December 20, 2011 (incorporated%%5%by reference to Exhibit 3.2 to MidCon Energy&&1&)Partners, LP's current report on Form 8K''1')filed with the SEC on December 23, 2011).((()@)5)Second Amended and Restated Limited Liability**/*'Company Agreement of MidCon Energy GP,++1+)LLC (incorporated by reference to Exhibit,,4,,3.1 to MidCon Energy Partners, LP's current80report on Form 8K filed with the SEC on January...
25, 2017).///0333333$@040,Services Agreement, dated as of December 20,1141,2011, by and among MidCon Energy Operating,2242,Inc., MidCon Energy GP, LLC, MidCon Energy3333+Partners, LP and MidCon Energy Properties,4414)LLC (incorporated by reference to Exhibit555510.1 to MidCon Energy Partners, LP's current66=65report on Form 8K filed with the SEC on December 23,77~
7n8889ffffff$@9.9&Credit Agreement, dated as of December::2:*20, 2011, among MidCon Energy Properties,;;/;'LLC, as Borrower, Royal Bank of Canada,<<.<&as Administrative Agent and Collateral==9=1Agent and the lenders party thereto (incorporated>>/>'by reference to Exhibit 10.2 to MidCon??/?'Energy Partners, LP's current report onDQlfv)ay%}AqMd@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@3@+Form 8K filed with the SEC on December 23,AA~
AnBBBC$@C/C'Agreement and Amendment No. 1 to CreditDD4D,Agreement, dated as of April 23, 2012, amongEE4E,MidCon Energy Properties, LLC, as Borrower,FF/F'Royal Bank of Canada, as AdministrativeGG2G*Agent and Collateral Agent and the lendersHH0H(party thereto (incorporated by referenceII3I+to Exhibit 10.1 to MidCon Energy Partners,JJ2J*LP's current report on Form 8K filed withKK#Kthe SEC on April 27, 2012).LLLM$@M/M'Agreement and Amendment No. 2 to CreditNN1N)Agreement, dated as of November 26, 2012,OOO%among MidCon Energy Properties, LLC,PP<P4as Borrower, Royal Bank of Canada, as AdministrativeQQ2Q*Agent and Collateral Agent and the lendersRR0R(party thereto (incorporated by referenceSS3S+to Exhibit 10.1 to MidCon Energy Partners,TT2T*LP's current report on Form 8K filed withUU&Uthe SEC on November 28, 2012).VVVW%@W.W&Agreement and Amendment No.3 to CreditXX0X(Agreement, dated as of November 5, 2013,YYY%among MidCon Energy Properties, LLC,ZZ<Z4as Borrower, Royal Bank of Canada, as Administrative[[2[*Agent and Collateral Agent and the lenders\\0\(party thereto (incorporated by reference]]3]+to Exhibit 10.1 to MidCon Energy Partners,^^2^*LP's current report on Form 8K filed with__%_the SEC on November 6, 2013).Dlgv+B@Riex*`abcdefghijklmnopqrstuvwxy```a333333%@a1a)Amendment No.4 to Credit Agreement, datedbb2b*as of April 11, 2014, among MidCon Energycc0c(Properties, LLC, as Borrower, Royal Bankdd.d&of Canada, as Administrative Agent andee.e&Collateral Agent and the lenders partyfff%thereto (incorporated by reference togg1g)Exhibit 10.01 to MidCon Energy Partners,hh2h*LP's current report on Form 8K filed withii#ithe SEC on April 15, 2014).jjjkffffff%@k.k&Agreement and Amendment No.5 to Creditll4l,Agreement, dated as of April 11, 2014, amongmm4m,MidCon Energy Properties, LLC, as Borrower,nn/n'Royal Bank of Canada, as Administrativeoo2o*Agent and Collateral Agent and the lenderspp0p(party thereto (incorporated by referenceqq4q,to Exhibit 10.01 to MidCon Energy Partners,rr2r*LP's current report on Form 8K filed withss#sthe SEC on April 15, 2014).tttuv$w____________________________1x)Created by Morningstar Document Research.0y(http://documentresearch.morningstar.com/8s;[w8t$?b>2&=PF0*8X>
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OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
105PART IVPETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }
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#MidCon Energy Partners, LP10K
02/28/2017
105PART IV
{Gz$@
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'Purchase and Sale Agreement dated as of6.May 26, 2016, among MidCon Energy Properties,6.LLC, MidCon Energy Operating, LLC as sellers,
4
,and PO&G Panhandle, LP, as purchaser thereto%(incorporated by reference to Exhibit7/10.7 to MidCon Energy Partners, LP's quarterly1)report on Form 10Q filed with the SEC onAugust 4, 2016).$@0(Purchase and Sale Agreement, dated as of7/July 28, 2016, among MidCon Energy Properties,1)LLC, as purchaser, and Walter Exploration0(Company, JMW LTD, and Wildcat Properties.&L.P., as sellers thereto (incorporated/'by reference to Exhibit 10.8 to MidCon.&Energy Partners, LP's quarterly report1)on Form 10Q filed with the SEC on August 4, 2016).Q$@1)Form of Phantom Unit Award Agreement (for0(employees of our Affiliate)(incorporated0(by reference to Exhibit 10.14 to MidConDo lyma=H\ey/M !"#$%&'()*+,./0123456789:;<=>? 1 )Energy LP's current report on Form 10K/A!!!%filed with the SEC on June 24, 2014)."""#5@#0#(Subsidiaries of MidCon Energy Partners,$$0$(LP (incorporated by reference to Exhibit%%2%*21.1 to MidCon Energy LP's current report&&3&+on Form 10K filed with the SEC on March 9,''~
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,23.2+,%,Consent of Grant Thornton LLP
.31.1+...&Rule 13a14(a)/15d14(a) Certification//"/of Chief Executive Officer000
131.2+1.1&Rule 13a14(a)/15d14(a) Certification22"2of Chief Financial Officer333
432.1+454Section 1350 Certification of Chief Executive555Officer666
732.2+757Section 1350 Certification of Chief Financial888Officer999
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OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
105PART IV105PART IV (1)!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }'}m)}<(
#MidCon Energy Partners, LP10K
02/28/2017PETROLEUM CONSULTANTS (
13640 BRIARWICK DRIVE, SUITE 100*
"306 WEST SEVENTH STREET, SUITE 302)
!1000 LOUISIANA STREET, SUITE 1900 AUSTIN, TEXAS 787291707$FORT WORTH, TEXAS 761024987!HOUSTON, TEXAS 7700250085122497000
817 33624617136519944
www.cgaus.com
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*ehznbV2:=PF0*8X>
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OverviewOur Areas of OperationEstimated Proved Reserves!14Development of Proved Undevel15Development ActivitiesProductive WellsProduction by FieldDeveloped Acreage 43PART II!Issuer Purchases of Equity Secu46NonGAAP Financial Measures46NonGAAP Financial (1)52Results of Operations
Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
105PART IV105PART IV (1)PETROLEUM CONSULTANTSPETROLEUM CONSU (1)Future Net RevenueU }a/}$
#MidCon Energy Partners, LP10K
02/28/20172*CONSENT OF INDEPENDENT PETROLEUM ENGINEERS
Sincerely,
,$Cawley, Gillespie & Associates, Inc./
'Texas Registered Engineering Firm F693
February 28, 2017Fort Worth, Texas$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0WqeYMA)t\3
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Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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02/28/2017PETROLEUM CONSULTANTS (
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"306 WEST SEVENTH STREET, SUITE 302)
!1000 LOUISIANA STREET, SUITE 1900
AUSTIN, TEXAS 787291707$
FORT WORTH, TEXAS 761024987!
HOUSTON, TEXAS 7700250085122497000
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Cash FlowsContractual ObligationsConsolidated Balance Sheets!Consolidated Statements of OperConsolidated Statements (1)Consolidated Statements (2)!Noncash Investing Financing andPermian BoltOn Acquisition Hugoton Core Area Divestiture Note 4 Equity AwardsRestricted unit awards!71Equitysettled phantom unit aw!Note 5 Derivative Financial InsNote 5 Derivative (1)Note 5 Derivative (2)Note 5 Derivative (3)Note 5 Derivative (4)
Impairment Impairment (1)!Note 7 Asset Retirement Obligat
Note 8 Debt Leases Our DistributionsOur Distributio (1)Oilfield Services Quarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!Directors and Executive OfficerCompensation Committee ReportLongTerm Incentive ProgramSummary Compensation TableGrants of PlanBased Awards!97Outstanding Equity Awards at !Option Exercises and Stock Vest!98Potential PostEmployment Paym98Potential Pos (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
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