Memorial Production Partners (MEMP) Posts Q2 Loss of $1.35/Share
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Memorial Production Partners LP Announces Second Quarter 2015 Results, Cash Distribution Update, Updated Hedges and Updated 2015 Guidance
August 5, 2015 6:00 AM EDTHOUSTON, Aug. 5, 2015 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (NASDAQ: MEMP) announced today its operating and financial results for the three and six months ended June 30, 2015. In addition, MEMP provided an update of its commodity hedge positions presented in the Hedge Summary table below along with updated 2015 guidance.
Key Highlights
Average daily production increased 10% to 247.8 MMcfe for the second quarter 2015, compared to 224.8 MMcfe for the second quarter 2014. Revolver availability of approximately $642 million as of July 31, 2015. Strong commodity hedge portfolio with 85% of current expected total production hedged in 2015, 84% in 2016, 70% in 2017,... MoreMemorial Production Partners LP Announces Second Quarter 2015 Results, Cash Distribution Update, Updated Hedges and Updated 2015 Guidance
August 5, 2015 6:00 AM EDTHOUSTON, Aug. 5, 2015 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (NASDAQ: MEMP) announced today its operating and financial results for the three and six months ended June 30, 2015. In addition, MEMP provided an update of its commodity hedge positions presented in the Hedge Summary table below along with updated 2015 guidance.
Key Highlights
Average daily production increased 10% to 247.8 MMcfe for the second quarter 2015, compared to 224.8 MMcfe for the second quarter 2014. Revolver availability of approximately $642 million as of July 31, 2015. Strong commodity hedge portfolio with 85% of current expected total production hedged in 2015, 84% in 2016, 70% in 2017,... More