Exploration & Production | Rig Count | Deals - Acquisition, Mergers, Divestitures | Reserves | IP Rates-30-Day | Production Rates | Initial Production Rates | Forecast - Production | Capital Markets | Capital Expenditure | Drilling Program | Private Equity Activity | Drilling Contractor
MRD Now Pure-Play, Focus on Terryville Field in LA
Print
|
Memorial Resource Development Corp. has announced its year-end 2014 reserves, asset swap with Memorial Production Partners LP (MEMP), operational update and 2015 financial and operational guidance.
Year-End 2014 Reserves: Year-end 2014 proved reserves increased 45% to 1.6 Tcfe from year-end 2013 Proved reserve value on a PV-10(1) basis increased 106% to $3.0 billion compared to $1.5 billion at year-end 2013 Proved, probable and possible ("3P")(2) reserves increased 34% to 4.9 Tcfe at year-end 2014 compared to 3.6 Tcfe at year-end 2013 Asset Swap: MRD exchanged its East Texas and non-core Louisiana oil and gas properties for all of MEMP's non-operating interests in the Terryville Field and cash consideration of approximately $78 millionTransaction highlights include:
Transitions MRD…Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in