Memorial Production Partners LP
MEMP
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- IPO Date
- Dec 9, 2011
- CIK
- 0001521847
- Similar Companies
- Business
- Memorial Production Partners LP (MEMP) operates as a master limited partnership focused on the acquisition, development, and production of oil and natural gas properties in the United States, primarily targeting unconventional resource basins such as the Eagle Ford Shale in South Texas, the Haynesville Shale in Louisiana and East Texas, and the Marcellus Shale in Pennsylvania. The company offers exploration and production services; midstream gathering, processing, and transportation of natural gas and natural gas liquids; and related field operations including drilling, completion, and maintenance activities. Its portfolio includes proved reserves of oil, natural gas, and natural gas liquids, with a strategy emphasizing low-risk development drilling and acquisitions to grow reserves and production volumes. Founded in 2012 and headquartered in Houston, Texas, Memorial Production Partners conducts operations across key U.S. onshore basins, serving exploration and production companies, midstream operators, and energy marketers as primary customers. The partnership maintains a portfolio of producing wells and undeveloped acreage, supported by a mix of operated and non-operated assets to optimize capital efficiency and cash flows distributed to unitholders. In recent developments, Memorial Production Partners announced its acquisition by Oracle Energy Partners LP in a transaction valued at approximately $400 million in May 2016, marking a significant strategic shift from public trading (delisting from the Nasdaq under ticker MEMP) to private ownership under Oracle Energy's portfolio. This move followed a series of financial restructurings, including debt exchanges and amendments to its credit facilities in 2015-2016 amid commodity price volatility. No major new product launches or partnerships have been reported since the privatization, with operations now integrated into Oracle Energy's broader upstream energy investments.