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MRD Touts Expanded Terryville Field Program; 4Q Results
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Memorial Resource Development Corp. reported its operating and financial results for the fourth quarter and year ended December 31, 2014.
Financial highlights from fourth quarter 2014 include: Increased average daily production 104% to 282 MMcfe/d for the fourth quarter 2014 compared to 139 MMcfe/d for the fourth quarter 2013 Represents a 21% sequential increase from 234 MMcfe/d in the third quarter 2014 Increased Adjusted EBITDA(1) 119% to $96.6 million for the fourth quarter 2014 compared to $44.2 million in the prior year period Financial highlights from full year 2014 include: Increased average daily production 77% to 227 MMcfe/d for 2014 compared to 128 MMcfe/d in 2013 Increased average daily production in the Terryville Field 89% to 195 MMcfe/d for 2014 versus 103 MMcfe/d in…Finish this article — free account or subscription
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