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BRIEF-Midstates Petroleum announces Q4, FY 2016 results

March 8 Midstates Petroleum Company Inc

* Midstates Petroleum announces fourth quarter and full year 2016 results

* Midstates Petroleum Company Inc - midstates currently plans to drill 24 to 26 wells during 2017

* Midstates Petroleum Company- has adopted 2017 capital budget of $90 to $100 million based on a near term one rig drilling program focused in mississippian lime

* Midstates Petroleum Company - expects to fully fund 2017 capital expenditure with internally-generated cash flow and currently available cash

* Midstates Petroleum Company Inc - successor qtrly total revenues $48.5 million

* Qtrly average daily production (boe/day) 25,259 versus 30,891

* Midstates Petroleum Company Inc - qtrly successor net income $9.9 million Source text for Eikon: Further company coverage:

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