One-Page Deal Sheet
Memorial Resource Development Bolts On North LA Acreage
Memorial Resource Development Corp. Not Disclosed
Announced Date
September 21,2015
Effective Date
August 01,2015
Close Date
October 22,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
284
Asset/Basin:
{"North Louisiana - Terryville/Lower Cotton Valley"}
TargetZones:
{"Lower Cotton Valle
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex
Country
United States
State
Louisiana
County
Jackson ,Lincoln ,Bienville ,Claiborne
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Closing Announcement - October 22, 2015
Memorial Resource Development Corp. has closed its previously announced third party acquisition in Jackson and Lincoln Parishes, Louisiana for approximately $284 million, subject to customary post-closing adjustments.
In conjunction with the closing of the acquisition, MRD announced reserve estimates associated with the third party acquisition of approximately 45,807 gross (45,121 net) acres and approximately 6,521 net acres acquired by MRD’s 2015 organic leasing efforts in and around the third party acquisition acreage.
Acquisition Acreage Reserve…
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