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Memorial Production Partners prices downsized IPO at $19, low end of the range

December 9, 2011

Memorial Production Partners LP, an LP formed to own mainly natural gas properties in South and East Texas, raised $171 million by offering 9 million shares at $19. The company had originally planned to sell 10 milion shares at $19-$21. Memorial Production Partners LP plans to list on the NASDAQ under the symbol MEMP. Citi, Raymond James, and Wells Fargo Securities acted as lead managers on the deal.