Quarterly report pursuant to Section 13 or 15(d)

Organization and Business

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Organization and Business
9 Months Ended
Sep. 30, 2018
Organization and Business  
Organization and Business

1. Organization and Business

Midstates Petroleum Company, Inc. engages in the business of exploring and drilling for, and the production of, oil, natural gas liquids (“NGLs”) and natural gas. Midstates Petroleum Company, Inc. was incorporated pursuant to the laws of the State of Delaware on October 25, 2011, to become a holding company for Midstates Petroleum Company LLC (“Midstates Sub”). The terms “Company,” “we,” “us,” “our,” and similar terms refer to Midstates Petroleum Company, Inc. and its subsidiary.

              The Company currently conducts oil and gas operations and owns and operates oil and natural gas properties in Oklahoma. The Company operates nearly all of its oil and natural gas properties. The Company’s management evaluates performance based on one reportable segment as all of its operations are located in the United States and, therefore, it maintains one cost center.