Steve Zachritz
Growth, long-term horizon, commodities, oil & gas

Memorial Resource Development: An Interesting New Pure Play Cotton Valley Name

Memorial Resource Development (NASDAQ:MRD)

The Basic Story: Northeast Louisiana natural gas and high value liquids focused player. Primary play is re-development of overpressured liquids rich Cotton Valley sands in the Terryville Complex (a stacked Cotton Valley sand play you might recall from the pre-Haynesville days of Petrohawk) in Lincoln Parish, Louisiana via horizontal drilling. Production from Memorial's horizontal program has overtaken legacy volumes and the firm has been drilling increasingly bigger wells as it hones the process in each of four stacked pays. This is another Natural Gas Partners (NGP) backed firm and there is a related MLP (NASDAQ:MEMP) that they will likely be able to drop mature assets down into over time as a potential...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details