Memorial Resource Development (NASDAQ:MRD) is a newly-public company focused on the development of a northern Louisiana gas field, the Terryville Field, through horizontal, multi-pad drilling. Just as the Terryville Field is not a new field, Memorial Resource Development is not a new company. In fact, Memorial has a bevy of legacy positions in East Texas and the Rockies. These are very mature gas fields, and included in Memorial's legacy position is acreage in Cotton Valley; one of the oldest and most profitable gas fields in the US that are still running.
MEMP Investor Relations
The company's acreage in East Texas is in gray and light green. The dark green acreage, by the way, is acreage which Memorial Resource...
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