Mid-Con Energy Partners, LP (Mid-Con or the Partnership) has entered into a strategic recapitalization transaction with its preferred equity holders, providing for the conversion of all Series A and B Preferred Units into common units at an average conversion price of $3.12/unit. In connection with the recapitalization, ownership of the Partnerships general partner, Mid-Con GP, LLC (the General Partner), has been transferred to the Partnership, resulting in strengthened corporate governance, and a new Board of Directors has been elected by written consent of the holders of a majority of the common unitholders. The Partnership announced the resignation of Charles R. Randy Olmstead from his current positions as CEO.