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Memorial Production Partners Increases Production 35% in Q1
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Memorial Production Partners LP has announced its operating and financial results for the three months ended March 31, 2015.
First Quarter 2015 Highlights: strong>Average daily production increased 35% to 252.2 MMcfe for the first quarter 2015, compared to 186.8 MMcfe for the first quarter 2014 and increased 1% compared to 250.9 MMcfe for the fourth quarter 2014. Total lease operating expenses decreased 1% to $1.78 per Mcfe for the first quarter 2015, compared to $1.79 per Mcfe for the first quarter 2014 and decreased 7% compared to $1.92 per Mcfe for the fourth quarter 2014. Completed transaction with Memorial Resource Development Corp. (MRD) whereby MEMP acquired properties primarily in its core area of East Texas in exchange for properties in North Louisiana and cash consideration of…Finish this article — free account or subscription
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