Mid-Con Energy Partners (MCEP) reported Q3 2019 earnings, which showed flat quarter-over-quarter production growth. It did bump its 2019 capex budget up slightly and could deliver a modest amount of 2020 production growth while also continuing to pay down its credit facility debt.
Mid-Con's common units remain of marginal value in the current oil pricing environment though, as there is still projected to be around $100 million in debt and preferred units ranking ahead of the common units in the capital structure.
Q3 2019 Results
Mid-Con's Q3 2019 results were decent but