Mid Con Energy Partners LP (Nasdaq: MCEP) bought oil properties in Oklahoma and Texas for $41 million.

The Dallas-based energy company picked up five properties located in Cimarron, Love and Texas Counties in Oklahoma, and Potter County, in Texas.

Mid-Con is making the purchase through subsidiary, Mid-Con Energy Properties LLC.

The purchase price was funded with $7 million in borrowings under Mid-Con's credit facility, plus $34 million in proceeds from a stock issuance.  

The transaction follows many other oil and gas deals, including recent buys by Access Midstream Partners LP (NYSE: ACMP), which bought assets from MidCon Compression LLCfor $160 million in April, and Atlas Resource Partners LP (NYSE: ARP), which bought a natural gas reserve for $107 million. 

 

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