Memorial Production Drops $173M For Eagle Ford Slice

Law360, New York (March 26, 2014, 3:56 PM EDT) -- Memorial Production Partners LP has purchased oil and gas producing properties in the Eagle Ford trend from Alta Mesa Holdings LP for about $173 million, the companies said Wednesday, in a deal designed to significantly boost the company's production capacity.

The deal, which was completed on Jan. 1 but announced on Wednesday, is expected to be immediately accretive to Memorial Production's distributable cash flow. It gives the Houston-based energy developer about 800 net acres worth of oil and gas producing properties in Karnes County, Texas. According...
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