Mid-Con Energy Partners, LP Announces Pricing Of Public Offering Of 4,000,000 Common Units

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:

RBC Capital Markets, LLC

Attention: Prospectus Department

3 World Financial Center

200 Vesey Street, 8th Floor

New York, New York 10281

Telephone: [phone]

Raymond James & Associates, Inc.

Attention: Equity Syndicate

880 Carillon Parkway

Tower 3, 5th Floor

St. Petersburg, Florida 33716

Telephone: [phone]

UBS Securities LLC

Attention: Prospectus Department

299 Park Avenue

New York, New York 10171

Telephone: [phone]

Wells Fargo Securities, LLC

Attention: Equity Syndicate Department

375 Park Avenue

New York, New York 10152

Email: [e-mail]

Telephone: [phone]

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.

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