HOUSTON, Nov. 29, 2011 (GLOBE NEWSWIRE) -- Memorial Production Partners LP, a Delaware limited partnership (the "Partnership"), announced today the commencement of its initial public offering of 10,000,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the "SEC"). The underwriters will be granted a 30-day option to purchase up to an additional 1,500,000 common units. The common units are expected to trade on the NASDAQ Global Market under the ticker symbol "MEMP."
The common units being offered to the public represent a 46.6% limited partner interest in the Partnership, or a 50.1% limited partner interest if the underwriters exercise their over-allotment option in full. The remaining limited partner interest will be owned by Memorial Resource Development LLC.
Citigroup, Raymond James and Wells Fargo Securities are acting as joint book-running managers for the offering. Barclays Capital, J.P. Morgan and RBC Capital Markets are acting as co-lead managers and Sanders Morris Harris is acting as co-manager.
This offering of common units will be made only by means of a prospectus. Copies of a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from the offices of:
| Citigroup Global Markets Inc. |
| Attn: Prospectus Department |
| Brooklyn Army Terminal |
| 140 58th Street, 8th Floor |
| Brooklyn, New York 11220 |
| Telephone: (800) 831-9146 |
| Email: batprospectusdept@citi.com |
| Raymond James & Associates, Inc. |
| Attn: Equity Syndicate |
| 880 Carillon Parkway |
| St. Petersburg, Florida 33716 |
| Telephone: (800) 248-8863 |
| Wells Fargo Securities, LLC |
| Attn: Equity Syndicate Dept. |
| 375 Park Avenue |
| New York, New York 10152 |
| Telephone: (800) 326-5897 |
| Email: cmclientsupport@wellsfargo.com |
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement is available on the SEC's web site at www.sec.gov under the registrant's name, "Memorial Production Partners LP." This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Memorial Production Partners LP is a Delaware limited partnership that was formed to own and acquire oil and natural gas properties in North America. The Partnership's properties are located in South and East Texas and consist of mature, legacy onshore oil and natural gas reservoirs.
The Memorial Production Partners logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11158
This press release contains forward-looking statements as defined under federal securities laws. These forward-looking statements involve certain risks and uncertainties, including, among others, our business plans may change as circumstances warrant and our securities may not ultimately be offered to the public because of general market conditions or other factors. The Partnership undertakes no obligation to publicly update or revise any forward-looking statement.