Mid-Con Energy Partners LP

Mid-Con Energy Partners'  board of directors of its general partner has approved a 1-for-10 reverse split on its common units, effective after the market closes on March 23, 2020.

Pursuant to the reverse unit split, common unitholders will receive one common unit for every ten common units owned at the close of business on March 23, 2020. All fractional units created by the reverse unit split will be rounded to the nearest whole unit, as provided by Mid-Con’s partnership agreement. If the fraction created is less than one-half, it will be rounded down to the nearest whole unit. If the fraction is one-half or more, it will be rounded up to the nearest whole unit. The partnership anticipates that the reverse split will decrease the number of common units outstanding from approximately 31 million units to 3.1 million units. The reverse split is intended to increase the market price per unit of the partnership’s common units to allow the partnership to maintain its listing on The NASDAQ Capital Market.