Mid-Con Energy Partners (MCEP) closed its recent transactions, helping reduce its credit facility debt to $68 million. Its borrowing base was also reduced to $110 million, so its liquidity is essentially unchanged compared to the end of 2018. It appears that Mid-Con should remain in compliance with its leverage covenant as long as WTI oil averages around $44 or higher. With the relatively low current valuation multiples around asset sales, clearing out debt via selling assets isn't that effective though, so I'd expect Mid-Con to continue reducing its debt mainly through cash