DALLAS, Oct. 16, 2012 (GLOBE NEWSWIRE) -- Mid-Con Energy Partners, LP (Nasdaq:MCEP) ("Mid-Con Energy" or the "Partnership") announced today the pricing of its public offering of 4,000,000 common units representing limited partner interests in Mid-Con Energy at a price to the public of $21.20 per unit. 1,000,000 common units are being offered by Mid-Con Energy and 3,000,000 common units are being offered by Yorktown Energy Partners VI, L.P., Yorktown Energy Partners VII, L.P. and Yorktown Energy Partners VIII, L.P. (collectively, "Yorktown"). The underwriters have been granted a 30-day option to purchase up to an additional 600,000 common units from Yorktown. The offering is expected to close on October 22, 2012, subject to customary closing conditions.

Mid-Con Energy intends to use net proceeds from its offering of approximately $20.4 million, after deducting underwriting discounts but before offering expenses, to repay borrowings outstanding under its credit facility. Mid-Con Energy will not receive any proceeds from the offering of common units sold by Yorktown.

RBC Capital Markets, LLC, Raymond James & Associates, Inc., UBS Securities LLC and Wells Fargo Securities, LLC are acting as joint book-running managers. Robert W. Baird & Co. Incorporated, Oppenheimer & Co. and Stephens Inc. are acting as co-managers for the offering. This offering of common units will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from the offices of:

An electronic copy of the preliminary prospectus may also be obtained at no charge at the United States Securities and Exchange Commission website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Mid-Con Energy Partners, LP

Mid-Con Energy is a Delaware limited partnership formed in July 2011 to own, operate, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on the Mid-Continent region of the United States. Mid-Con Energy's core areas of operation are located in Southern Oklahoma, Northeastern Oklahoma and parts of Oklahoma and Colorado within the Hugoton Basin.

The Mid-Con Energy Partners, LP logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11192

Forward-Looking Statements

This press release includes "forward-looking statements" — that is, statements related to future, not past, events within meaning of the federal securities laws. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate," "believe," "estimate," "intend," "expect," "plan," "project," "should," "goal," "forecast," "guidance," "could," "may," "continue," "might," "potential," "scheduled," or "will" or other similar words. These forward-looking statements involve certain risks and uncertainties and ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. For further discussion of risks and uncertainties, you should refer to Mid-Con Energy's filings with the SEC available at www.midconenergypartners.com or www.sec.gov. Mid-Con Energy undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement and our SEC filings.

These forward–looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which may include statements about our:

• business strategies;
• ability to replace the reserves we produce through acquisitions and the development of our properties;
• oil and natural gas reserves;
• technology;
• realized oil and natural gas prices;
• production volumes;
• lease operating expenses;
• general and administrative expenses;
• future operating results;
• cash flow and liquidity;
• availability of production equipment;
• availability of oil field labor;
• capital expenditures;
• availability and terms of capital;
• marketing of oil and natural gas;
• general economic conditions;
• competition in the oil and natural gas industry;
• effectiveness of risk management activities;
• environmental liabilities;
• counterparty credit risk;
• governmental regulation and taxation;
• developments in oil producing and natural gas producing countries; and
• plans, objectives, expectations and intentions.

Jeff Olmstead
President and Chief Financial Officer
(972) 479-5980


Matthew Lewis
Associate
(972) 479-5984