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...

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