Memorial Production Partners LP (NasdaqGS: MEMP) detailed updates to its 2014 financial guidance, the company said March 25. The company noted that the financial guidance was revised in connection with its recent acquisition, for $173 million, of producing Eagle Ford properties from Alta Mesa Holdings LP.

The acquisition was funded from borrowings under Memorial Production Partners’ $2 billion multi-year revolving credit facility, whose borrowing base prior to the acquisition was $845 million, the company said.

The acquired properties are on 15,200 gross acres in Karnes County, Texas, and they are at the core of the shale’s oil window, the company said, noting that they produce about 1,650 barrels of oil equivalent per day (boe/d) of oil, NGL and natural gas.

Murphy Oil Corp. (NYSE: MUR) is the primary holder of the properties, the company added.

This year, the revised capex should be between $131 million-$161 million, excluding future acquisitions, the company said. This amount will be split between operations in East Texas/North Louisiana, the Permian Basin, California and South Texas/Eagle Ford—56%, 22%, 18% and 4%, respectively.

In East Texas/North Louisiana’s Cotton Valley, money will be spent on 23 gross new drills, while in the Permian, 39 gross vertical wells will be drilled, and in California, six gross wells are expected, Memorial Production Partners said.

Regarding the recent Eagle Ford acquisition, about 30 gross wells will be drilled, the company added.

Up to 85% of projected production volumes related to the recent acquisition will be hedged for three to six years, the company noted.

About 10% of this year’s capex is allocated for facilities maintenance, the company noted.

The company noted its total debt at $1.01 billion, including $310 million under revolving credit and $700 million in senior notes due 2021.

Memorial Production Partners LP acquires, produces and develops domestic oil and natural gas properties.