Memorial Resources Development Untangles Corporate Structure, Cuts MEMP Free

Transaction Type

Sellers

Memorial Resource Development Corp.

Natural Gas Partners LP (NGP)

Memorial Production Partners GP LLC

Buyers

Memorial Production Partners LP

Announce Date

Tue, 04/26/2016 - 12:00 PM

Post Date

May 5, 2016

Close Date

Thu, 06/02/2016 - 12:00 PM

Estimated Price

$0.7MM

Description

Acquired MEMP GP from MRD; includes 50% of the IDRs held by Natural Gas Partners.

Memorial Resources Development Untangles Corporate Structure, Cuts MEMP Free

Memorial Resource Development Closes MEMP GP Divestiture