Mid-Con Energy Partners (MCEP) provided some additional information about its Oklahoma acquisitions. This information shows that the Oklahoma acquisitions were a bet on at least $60 to $65 WTI oil. With those oil prices, the Oklahoma properties could still deliver decent margins and would have favorable PV-10 value compared to their purchase price. At $50 WTI oil, the Oklahoma properties look fairly marginal, especially further down the road, and may have only a slightly positive PV-10.
Performance At Various Oil Prices
The following image shows the historical performance of Mid-Con's Oklahoma acquisition from the end