Mid-Con Energy Partners (MCEP) reported Q3 2018 earnings that showed significant production growth driven by acquisitions, but little organic production growth. It also reported good cost performance and lowered its capital expenditures guidance, indicating that debt reduction may continue to take priority over production growth, except where production can be added cheaply.
Production Growth
Production averaged 3,609 BOEPD during Q3 2018, a 23% increase compared to Q2 2018. That production growth was largely fueled by its various acquisitions that closed in July though.
Another way to look at production is to compare June