Memorial Production Partners Buys East Texas Acreage For $95 Million
September 19, 2012
Memorial Production Partners LP (Nasdaq:MEMP) announced that it has signed a definitive agreement to acquire certain oil and natural gas properties in East Texas from Goodrich Petroleum Corp. for a purchase price of $95 million, subject to customary purchase price adjustments.
The transaction is expected to close on or about Sept. 28, subject to customary approvals and closing conditions, and will be financed with borrowings under MEMP's existing credit facility.
These properties are located in the South Henderson field of Rusk county, Texas.
The acquisition is expected to be immediately ...
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