On September 26, 2012, Midstates Petroleum Company, Inc. ("Midstates") and Midstates Petroleum Company LLC ("Midstates Sub"), a wholly owned subsidiary of Midstates, entered into an Amendment (the "Amendment") to the Assignment and First Amendment to the Second Amended and Restated Credit Agreement dated as of September 7, 2012 among Midstates, as parent, Midstates Sub, as borrower, SunTrust Bank, N.A., as administrative agent, and the other lenders and parties party thereto (the "First Amendment"). The First Amendment amended the Second Amended and Restated Credit Agreement dated as of June 8, 2012 among Midstates, as parent, Midstates Sub, as borrower, SunTrust Bank, N.A., as administrative agent, and the other lenders and parties party thereto (as amended, the "Credit Facility").

The Amendment amends the First Amendment to provide that, upon the consummation of the acquisition contemplated by our Asset Purchase Agreement with Eagle Energy Production, LLC and the satisfaction of other customary conditions, the Credit Facility will be amended to increase the allowance for the incurrence of certain unsecured indebtedness from $275 million to $600 million without a corresponding reduction in the borrowing base. The First Amendment previously provided that the allowance for the incurrence of certain unsecured indebtedness be increased from $275 million to $550 without a corresponding reduction in the borrowing base. All other terms of the First Amendment are unaffected by the Amendment.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of such document, which is filed hereto, as Exhibit 10.1 and is incorporated herein by reference.

(d) Exhibits

EXHIBIT
NUMBER            DESCRIPTION

10.1        -     Amendment to First Amendment to the Second Amended and Restated
                  Credit Agreement, dated as of September 26, 2012, among Midstates
                  Petroleum Company, Inc., Midstates Petroleum Company LLC, SunTrust
                  Bank, as administrative agent, and the other lenders and parties
                  party thereto.