Memorial Drops $200M In Texas, La. Oil Property Buy

Law360, New York (March 19, 2013, 4:48 PM EDT) -- Houston-based oil and gas company Memorial Energy Partners LP will buy properties in Texas and Louisiana for $200 million, adding to its expanding drilling efforts in the Cotton Valley formation that traverses the states, the company said Monday.

Memorial Energy said it would buy the oil and gas producing properties, located in East Texas and North Louisiana, from its sponsor Memorial Resource Development LLC, according to its statement. The deal is expected to close in March, it said.

The purchase will add to its nearly 700...
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