Memorial Production Partners (MEMP +4.9%) agrees to acquire east Texas oil and gas properties...

|About: Memorial Production Partner... (MEMP)|By:, SA News Editor

Memorial Production Partners (MEMP +4.9%) agrees to acquire east Texas oil and gas properties from Goodrich Petroleum (GDP -1.4%) for $95M. Estimated net proved reserves of ~139 Bcfe; 22% proved developed reserves; current net production ~12.6 MMcfe/day. MEMP also expands its borrowing base to $380M.