> 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#܈ ~~83ffff̙̙3f3fff3f3f33333f334Washington DC 20549]Table of Contentsu2Overview Q11Our Areas of Operation nEstimated Proved Reserves&}Development of Proved Undevelop\Development ActivitiesѫProductive WellsProduction by FieldhDeveloped AcreagenPART II
Balance Sheet#645NonGAAP Financial Measures0U45NonGAAP Financial (1)h51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income Statement!Cash Flows (1)&Consolidated Statements of Chan0Permian acquisition&5@Creek County Oklahoma acquisitiMHugoton acquisition&ZNortheastern Oklahoma acquisiti!,hNortheastern Oklahoma (1)w71Note 4 Equity AwardsuRestricted Awards#Equitysettled phantom awards&g73Note 5 Derivative Financial I73Note 5 Derivative (1)m73Note 5 Derivative (2)73Note 5 Derivative (3),73Note 5 Derivative (4)&,Assets and Liabilities Measured"Assets and Liabilities (1)&Note 7 Asset Retirement ObligatS?Note 8 DebtHMCash DistributionsaQuarterly data unaudited&D84Supplementary oil and natural&Estimated proved oil and natura&Standardized Measure of Discoun#ûStandardized Measure of (1)&F89Directors and Executive Offic$Compensation Committee Report!LongTerm Incentive ProgramSummary Compensation#Stock Option Grants :Outstanding Equity Awards&L98Option Exercises and Stock Ve&_Potential PostEmployment Paymen$qPotential PostEmployment (1) <Compensation of DirectorsICompensation of (1)ƫCompensation of (2)¸Director IndependenceyPART IV
PART IV (1)PETROLEUM CONSULTANTS&CONSENT OF INDEPENDENT PETROLEU )PETROLEUM CONSU (1)7Future Net Revenue
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }%}
#MidCon Energy Partners, LP10K
02/29/2016Washington, 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 20549
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}:}
3
#MidCon Energy Partners, LP10K
02/29/2016Table 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 !"#$%&'()*+,./012 PART III !Item 10.3!+Directors, Executive Officers and Corporate~
!f""
Governance#Item 11.#Executive Compensation~
#z$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 20549Table of Contents11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}
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#MidCon Energy Partners, LP10K
02/29/2016Overview
December 2015
Estimated
Average NetGross 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
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GrossNet
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CompletionSouthern Oklahoma~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
OverviewEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/2016 11Our Areas of Operation
Average Net Production
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% of
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Total
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of Operation!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/2016!Estimated Proved Reserves
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved ReservesDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/20162*Development of Proved Undeveloped Reserves
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Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/2016Development Activities
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Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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02/29/2016Productive Wells
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/2016Production by Field
Year Ended December 31,~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by Field PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/2016Developed Acreage
Developed Acreage
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~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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02/29/2016PART II
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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02/29/2016
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }8}$
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02/29/2016%45NonGAAP Financial Measures
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }1}$
#MidCon Energy Partners, LP10K
02/29/2016%45NonGAAP Financial Measures
Year Ended December 31,~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }U5}$
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#MidCon Energy Partners, LP10K
02/29/201651Results of Operations
Year Ended December 31,~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of OperationsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}$
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02/29/2016
Cash Flows
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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02/29/2016Contractual Obligations
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsIncome StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/2016
Balance Sheet
December 31,~
~~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Cash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }U5}$
7
#MidCon Energy Partners, LP10K
02/29/2016Income Statement
Year Ended December 31,~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income Statement!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)Permian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }:}$ }}$
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of Chan!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }0.}$
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisitionHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }0.}$
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02/29/2016*"Creek County, Oklahoma acquisition !
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisiti!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }0.}$
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisitionNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }0.}$
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisiti71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)Restricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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02/29/201671Note 4. Equity Awards
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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02/29/2016Restricted Awards
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Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted Awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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02/29/20162*73Note 5. Derivative Financial Instruments
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Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/20162*73Note 5. Derivative Financial Instruments
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Offset in the Presented in the
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Balance Sheet
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }U5}$
"
#MidCon Energy Partners, LP10K
02/29/20162*73Note 5. Derivative Financial Instruments
Gross
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }7}$
#MidCon Energy Partners, LP10K
02/29/20162*73Note 5. Derivative Financial Instruments
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)Assets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }$4}$
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#MidCon Energy Partners, LP10K
02/29/2016NFAssets and Liabilities Measured at Fair Value on a Nonrecurring Basis
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Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities Measured!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }2}$
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02/29/2016NFAssets and Liabilities Measured at Fair Value on a Nonrecurring Basis
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }U5}$
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02/29/2016,$Note 7. Asset Retirement Obligations
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement ObligatCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}$
#MidCon Energy Partners, LP10K
02/29/2016Note 8. Debt
Year Ended December 31,~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/2016Cash Distributions
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Total Date PaidPeriod Coveredper Unit
DistributionsFebruary 13, 2015+#October 1, 2014  December 31, 2014?~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash Distributions!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/2016"Quarterly data (unaudited)
Quarters EndedMarch 31June 30 September 30
December 31/'(In thousands, except per unit amounts)~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/20166.84Supplementary oil and natural gas activities
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }$4}}$ }U}$ }}$
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#MidCon Energy Partners, LP10K
02/29/2016A9Estimated proved oil and natural gas reserves (unaudited)
Oil
Gas
MBoe (1)(MBbls)(MMcf)2*Proved developed and undeveloped reserves:
As of December 31, 2012~
J
~
~
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'Revisions of previous estimates~
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~
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~
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J~
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N~
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?~
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I~
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v~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and naturaStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
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#MidCon Energy Partners, LP10K
02/29/2016kcStandardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Natural Gas Res
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Future cash inflows~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of Discoun!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }1}$
#
#MidCon Energy Partners, LP10K
02/29/2016kcStandardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Natural Gas Res
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)Compensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }!}$ }}$ }6
#MidCon Energy Partners, LP10K
02/29/2016*"89Directors and Executive Officers
Name
Age
,
$Position with MidCon Energy GP, LLC#Charles R. ?Randy? Olmstead~
'Executive Chairman of the BoardJeffrey R. Olmstead~
.&President, Chief Executive Officer and
DirectorMichael D. Peterson~
2*Vice President and Chief Financial OfficerNathan P. Pekar~
5Vice President, General Counsel and SecretarySherry L. Morgan~
Chief Accounting OfficerS. Craig George~
DirectorPeter A. Leidel~
DirectorCameron O. Smith (1)~
DirectorRobert W. Berry (1)~
rDirectorPeter Adamson III (1)~
*DirectorC. Fred Ball Jr. (2)~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }$ }!
#MidCon Energy Partners, LP10K
02/29/2016%Compensation Committee Report
#
Charles R. ?Randy? OlmsteadJeffrey R. OlmsteadMichael D. Peterson
Nathan P. PekarSherry L. MorganMichael L. Wiggins$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.~rfZN6^4(=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }0.}$ }}$ }}$ }0}U
#MidCon Energy Partners, LP10K
02/29/2016#LongTerm Incentive Program
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }a/}$ }}$
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#MidCon Energy Partners, LP10K
02/29/2016Summary Compensation
#
Name and Principal Position
Year
Salary
Bonus
Unit Awards
TotalCharles R. Olmstead~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}$ }}$ }} $ }
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#MidCon Energy Partners, LP10K
02/29/2016Stock Option Grants
Name
Grant Date
Unit
Grant Date Fair Value of
AwardsUnit AwardsCharles R. Olmstead 1/31/2015~
B
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option Grants!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}$ }}$ }U}$
#MidCon Energy Partners, LP10K
02/29/2016!Outstanding Equity Awards
Name
!
Number of Units That Have
Market Value of UnitsNot Yet VestedThat Have Not Yet
Vested (1)
Charles R. Olmstead
~
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~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}$ }}$
#MidCon Energy Partners, LP10K
02/29/2016+#98Option Exercises and Stock Vested
Name
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock VePotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}$
#MidCon Energy Partners, LP10K
02/29/2016PHPotential PostEmployment Payments and Payments upon a Change in Control
Charles R. Olmstead
Termination Upon
Termination
QualifyingDeath, Disability
Without Cause
Termination
or Retirement
Following
Change in ControlCash Severance~
~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenCompensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}$
#MidCon Energy Partners, LP10K
02/29/2016PHPotential PostEmployment Payments and Payments upon a Change in Control
Jeffrey R. Olmstead
Termination Upon
Termination
QualifyingDeath, Disability
Without Cause
Termination
or Retirement
Following
Change in ControlCash Severance~
a~
a ~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }0}$
#MidCon Energy Partners, LP10K
02/29/2016!Compensation of Directors
Name (1)
Fee Earned or
Unit Awards (2)
TotalPaid in CashPeter Adamson III~
~
~
/
Cameron O. Smith
~
~
~
Robert W. Berry~
W~
~
C. Fred Ball Jr.~
W~
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Peter A. Leidel~
~
~
S. Craig George~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }6}$ }
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#MidCon Energy Partners, LP10K
02/29/2016!Compensation of Directors
Name of Beneficial Owner
Common Units
Percentage of to be Beneficially OwnedCommon Units to be Beneficially Owned0
(Yorktown Energy Partners VI, L.P. (1)(2)
~
R
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%1)Yorktown Energy Partners VII, L.P. (1)(3)~
^E? %5Kayne Anderson Capital Advisors, L.P./Richard~
F8333333$@ %A. Kayne (5)(6)#MidCon Energy III, LLC (7)~
)@ %Charles R. Olmstead (4)~
.+333333@ %Jeffrey R. Olmstead (4)~
ffffff? %S. Craig George (4)~
f'333333? %Nathan P. Pekar (4)~
? %Michael D. Peterson (4)~
*? %Sherry L. Morgan (4)~
? %Peter Adamson III (4)~
v333333? %Robert W. Berry (4)~
333333? %Peter A. Leidel (4)~
&? %Cameron O. Smith (4)~
W? %C. Fred Ball Jr. (4)~
:? %/'All named executive officers, directors~
333333@ %4,and director nominees as a group (11 people)Dlvj^R1L
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }}$ }
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#MidCon Energy Partners, LP10K
02/29/2016!Compensation of Directors
Name of Beneficial Owner
Member Interest (2)Charles R. Olmstead (1)
ףp=@@ %S. Craig George (1)
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Jeffrey R. Olmstead (1)
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%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*8hvj^R";=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2) PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }m}$
#MidCon Energy Partners, LP10K
02/29/2016Director Independence
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }I }$ }@
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#MidCon Energy Partners, LP10K
02/29/2016PART IV
Exhibit
DescriptionNumber
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%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( lpd@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IVPETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }
}$ }@
#MidCon Energy Partners, LP10K
02/29/2016PART IV
HzG$@
3
+Employment Agreement, dated as of August 1,3+2011, by and among MidCon Energy Partners,1)LP, MidCon Energy GP, LLC and Charles R.
.
&Olmstead (incorporated by reference to0(Exhibit 10.6 to MidCon Energy Partners,2*LP?s current report on Form 8K filed with&the SEC on December 23, 2011).L$@3+Employment Agreement, dated as of August 1,3+2011, by and among MidCon Energy Partners,1)LP, MidCon Energy GP, LLC and Jeffrey R..&Olmstead (incorporated by reference to0(Exhibit 10.7 to MidCon Energy Partners,2*LP?s current report on Form 8K filed with&the SEC on December 23, 2011).RQ$@3+Employment Agreement, dated as of August 1,3+2011, by and among MidCon Energy Partners,6.LP, MidCon Energy GP, LLC and S. Craig George%(incorporated by reference to Exhibit510.8 to MidCon Energy Partners, LP?s current=5report on Form 8K filed with the SEC on December 23,D lpd@Ok)a~0u& !"#$%&'()*+,./0123456789:;<=>? ~
n!!!"ףp=
W$@"2"*Purchase and Sale Agreement dated February##1#)28, 2014 by and among MidCon Energy III,$$/$'LLC, MidCon Energy Properties, LLC and%%1%)MidCon Energy Partners, LP (incorporated&&6&.by reference to Exhibit 2.1 to MidCon Energy,''2'*LP?s current report on Form 8K filed with(("(the SEC on March 5, 2014).)))*\(\$@*4*,Form of Crude Oil Purchase Agreement between++4+,MidCon Energy Operating, LLC and Enterprise,,0,(Crude Oil LLC (incorporated by reference/'to Exhibit 10.10 to MidCon Energy LP's..2.*current report on Form 10K filed with the///SEC on March 9, 2012).0001zGa$@131+Purchase and Sale Agreement, dated February2222*28, 2014, by and among MidCon Energy III,33/3'LLC, MidCon Energy Properties, LLC and4414)MidCon Energy Partners, LP (incorporated5555by reference to Exhibit 2.1 to MidCon Energy6626*LP's current report on Form 8K filed with77"7the SEC on March 5, 2014).8889ffffff$@9/9'Purchase and Sale Agreement, dated July::2:*24, 2014, by and among MidCon Energy III,;;/;'LLC, MidCon Energy Properties, LLC and<<1<)MidCon Energy Partners, LP (incorporated==5=by reference to Exhibit 2.1 to MidCon Energy>>2>*LP's current report on Form 8K filed with??"?the SEC on July 25, 2014).D>lb}+{%>=WzVl@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_@@@AQk$@A2A*Purchase and Sale Agreement, dated OctoberBB8B07, 2014, by and among MidCon Energy Properties,CC3C+LLC, MidCon Energy Partners, LP and L.C.S.DD.D&Production Company, SPAPETCO, LP, SPAEE1E)PETCO OSU, LLC, A.G. Hill Oil and Gas LP,FF5Fand A.G. Hill Oil and Gas II LP (incorporatedGG5Gby reference to Exhibit 2.1 to MidCon EnergyHH2H*LP's current report on Form 8K filed withII%Ithe SEC on October 14, 2014).JJJKq=
ףp$@K1K)Form of Phantom Unit Award Agreement (forLL0L(employees of our Affiliate)(incorporatedMM0M(by reference to Exhibit 10.14 to MidConNN1N)Energy LP's current report on Form 10K/AOOO%filed with the SEC on June 24, 2014).PPPQ5@Q0Q(Subsidiaries of MidCon Energy Partners,RR0R(LP (incorporated by reference to ExhibitSS2S*21.1 to MidCon Energy LP's current reportTT3T+on Form 10K filed with the SEC on March 9,UU~
UrVVVW6@W/W'Amendment No.1 to Employment Agreement,XX2X*dated as of January 29, 2014, by and amongYY3Y+MidCon Energy Partners, LP, MidCon EnergyZZ1Z)GP, LLC and S. Craig George (incorporated[[/['by reference to Exhibit 22.1 to MidCon\\/\'Energy LP's current report on Form 10K]]]%filed with the SEC on March 5, 2014).^^^
_23.1+_2_*Consent of Cawley, Gillespie & Associates,DBl4N^ZxTh~0I`abcdefghijklmnopqrstuvwxyz{}~```Inc.aaa
b23.2+b%bConsent of Grant Thornton LLPccc
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j32.1+j5jSection 1350 Certification of Chief ExecutivekkkOfficerlll
m32.2+m5mSection 1350 Certification of Chief FinancialnnnOfficerooo
p99.1+p4p,Cawley, Gillespie & Associates, Inc. ReserveqqqReportrrrs 101.INS++ssXBRL Instance Documenttttu 101.SCH++u/u'XBRL Taxonomy Extension Schema Documentvvvw 101.CAL++w4w,XBRL Taxonomy Extension Calculation LinkbasexxxDocumentyyyz 101.DEF++z3z+XBRL Taxonomy Extension Definition Linkbase{{{Document} 101.LAB++}.}&XBRL Taxonomy Extension Label Linkbase~~~DocumentDX lnJJgCI@sx 101.PRE++,$XBRL Taxonomy Extension PresentationLinkbase Document$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/xznb:=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)Future Net RevenueU }'}m)}'
#MidCon Energy Partners, LP10K
02/29/2016PETROLEUM CONSULTANTS (
13640 BRIARWICK DRIVE, SUITE 100*
"306 WEST SEVENTH STREET, SUITE 302(
1000 LOUISIANA STREET, SUITE 625 AUSTIN, TEXAS 787291707$FORT WORTH, TEXAS 761024987!HOUSTON, TEXAS 7700250085122497000
817 33624617136519944
www.cgaus.com
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*dhznbV2;=PF0*8X>
@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTSPETROLEUM CONSU (1)Future Net RevenueU }a/}$
#MidCon Energy Partners, LP10K
02/29/20162*CONSENT OF INDEPENDENT PETROLEUM ENGINEERS
Sincerely,
,$Cawley, Gillespie & Associates, Inc./
'Texas Registered Engineering Firm F693
February 24, 2016Fort Worth, Texas$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0WqeYMA)t\3
=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUFuture Net RevenueU }'}m)}'
#MidCon Energy Partners, LP10K
02/29/2016PETROLEUM CONSULTANTS (
13640 BRIARWICK DRIVE, SUITE 100*
"306 WEST SEVENTH STREET, SUITE 302(
1000 LOUISIANA STREET, SUITE 625
AUSTIN, TEXAS 787291707$
FORT WORTH, TEXAS 761024987!
HOUSTON, TEXAS 7700250085122497000
817 33624617136519944
www.cgaus.com$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2DznbV2db1%=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??>Washington DC 20549Table of Contents
Overview11Our Areas of OperationEstimated Proved Reserves!Development of Proved UndevelopDevelopment ActivitiesProductive WellsProduction by FieldDeveloped Acreage PART II
Balance Sheet45NonGAAP Financial Measures45NonGAAP Financial (1)51Results of Operations
Cash FlowsContractual ObligationsBalance Sheet (1)Income StatementCash Flows (1)!Consolidated Statements of ChanPermian acquisition!Creek County Oklahoma acquisitiHugoton acquisition!Northeastern Oklahoma acquisitiNortheastern Oklahoma (1)71Note 4 Equity AwardsRestricted AwardsEquitysettled phantom awards!73Note 5 Derivative Financial I73Note 5 Derivative (1)73Note 5 Derivative (2)73Note 5 Derivative (3)73Note 5 Derivative (4)!Assets and Liabilities MeasuredAssets and Liabilities (1)!Note 7 Asset Retirement Obligat
Note 8 DebtCash DistributionsQuarterly data unaudited!84Supplementary oil and natural!Estimated proved oil and natura!Standardized Measure of DiscounStandardized Measure of (1)!89Directors and Executive OfficCompensation Committee ReportLongTerm Incentive ProgramSummary CompensationStock Option GrantsOutstanding Equity Awards!98Option Exercises and Stock Ve!Potential PostEmployment PaymenPotential PostEmployment (1)Compensation of DirectorsCompensation of (1)Compensation of (2)Director Independence PART IV
PART IV (1)PETROLEUM CONSULTANTS!CONSENT OF INDEPENDENT PETROLEUPETROLEUM CONSU (1)U }$}I }}}
#MidCon Energy Partners, LP10K
02/29/2016Future Net Revenue
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