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Memorial Joins MLP Buying Binge; Inks Fourth 2012 Deal

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Leslie Haines, Hart Energy
September 20, 2012

Memorial Production Partners LP (Nasdaq: MEMP) has joined the ranks of frequent buyers, racking up more points as master limited partnerships continue to buy their way to growth. It will acquire some East Texas properties from Goodrich Petroleum Corp. for $95 million, its fourth acquisition this year.

The deal brings the newly public MLP, based in Houston, net production of 12.6 million cubic feet equivalent (MMcfe) per day (62% natural gas, 38% liquids). It also adds 139 billion cubic feet equivalent (Bcfe) of proved reserves to the 390 Bcfe it ...

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