Midstates Petroleum Company, Inc. (NYSE:MPO) is an independent exploration and production company focused on the application of modern drilling and completion techniques to oil/liquids-prone resources in previously discovered yet underdeveloped hydrocarbon trends.
Our operations are currently focused on oilfields in the Upper Gulf Coast Tertiary trend onshore in central Louisiana and in the Mississippian Lime play in northwestern Oklahoma and southern Kansas.
Our central Louisiana operations are currently focused on the Wilcox formation, drilling vertical and horizontal wells and commingling production from multi-stage hydraulically fractured completions across stacked oil-producing intervals. We have over 100,000 net acres leased across the trend with additional acreage under option and have identified over 1,000 potential drilling locations across our acreage.
Our Oklahoma operations include approximately 82,000 net acres in the Mississippian Lime trend, with about 76,000 net acres in Woods and Alfalfa Counties in Northwest Oklahoma and 6,000 net acres in Kansas. In addition, the operations include 15,000 net acres in the Hunton formation in Lincoln County, Oklahoma. The Company plans to continue to drill horizontal wells in the core of the formation while developing additional prospective acreage. Midstates has identified approximately 600 gross potential drilling locations in the area.