Memorial Production Partners (MEMP) Misses Q3 EPS Views
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Memorial Production Partners LP Announces Third Quarter 2015 Results and Updated 2015 Guidance
November 4, 2015 6:01 AM ESTHOUSTON, Nov. 04, 2015 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (NASDAQ: MEMP) announced today its operating and financial results for the three and nine months ended September 30, 2015. In addition, MEMP provided an update of its 2015 guidance.
Key Highlights
Average daily production increased 3% to 254.3 MMcfe for the third quarter 2015, compared to 247.8 MMcfe for the second quarter 2015.Completed the acquisition of the remaining interests in its oil and gas producing properties offshore Southern California for approximately $101 million in November 2015.Revolver availability of approximately $340 million as of... MoreMemorial Production Partners LP Announces Acquisition of Oil and Gas Properties
November 4, 2015 6:00 AM ESTHOUSTON, Nov. 04, 2015 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (NASDAQ: MEMP) announced today that it has completed an acquisition of the remaining interests in its oil and gas properties offshore Southern California (the Beta properties) from a third party for approximately $101 million, subject to customary post-closing adjustments. The transaction closed on November 3, 2015.
MEMP first acquired its interests in the Beta properties in December 2012. The acquired interests in the transaction announced today primarily consist of the 48.25% remaining working interests in 58 gross producing wells in three Pacific Outer Continental Shelf blocks in the Beta... More
