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Memorial Production Partners Lp

Memorial Production Partners LP is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol "MEMP". The partnership is engaged in the exploration, production and development of oil and natural gas properties in the United States.

Here are some key facts and figures about Memorial Production Partners LP:

1. Production: As of 2017, the partnership's total estimated proved reserves were approximately 403 million barrels of oil equivalent (MMBoe), with an estimated 67% of those reserves being oil. Gas and natural gas liquids made up the remaining 33%.

2. Operations: Memorial Production Partners has operations in several regions across the United States, including the Permian Basin in New Mexico and Texas, the Eagle Ford Shale in Texas, and the Rocky Mountains.

3. Financial Performance: In its last reported quarter (Q3 2017), Memorial Production Partners reported a net loss of $14.3 million or $0.27 per unit, compared to a net loss of $23.3 million or $0.47 per unit in the same quarter of 2016. Adjusted EBITDA for the quarter was reported at $45.8 million.

4. Growth Prospects: Memorial Production Partners has a strong focus on organic growth, with plans to invest in further development of its existing properties and pursue strategic acquisitions. The partnership has been actively expanding its acreage position in the Permian Basin and other areas.

5. Distributions: Memorial Production Partners has a distribution policy aimed at distributing at least 50% of its cash available for distribution each quarter. The partnership has a history of consistent distribution payments, which have been growing steadily since its initial public offering in 2011.

6. Management Team: The company's management team has extensive experience in the oil and gas industry, with a proven track record of executing on growth strategies and creating value for shareholders. The CEO, John A. Weinzierl, Jr., has over 30 years of experience in the energy industry and has led Memorial Production Partners since its inception in 2011.

Wall Street analysts generally have a positive outlook on Memorial Production Partners LP, praising the partnership's solid production growth, strong balance sheet, and potential for further acquisitions. However, some analysts have expressed concerns about the partnership's exposure to commodity price volatility and its reliance on debt to fund its growth strategies.

In summary, Memorial Production Partners LP is a publicly traded partnership focused on the exploration and production of oil and natural gas in the United States. With a strong balance sheet, solid production growth, and a history of consistent distribution payments, the company has been well-received by Wall Street analysts. However, the partnership's exposure to commodity price volatility and reliance on debt are factors that investors should consider when evaluating the stock.