Memorial Resource Development, an oil and gas E&P backed by Natural Gas Partners focused on North Louisiana formations, filed on Friday with the SEC to raise up to $700 million in an initial public offering. The Houston, TX-based company, which was founded in 2011 and booked $232 million in sales for the fiscal year ended December 31, 2013, plans to list on the NASDAQ under the symbol MRD. Memorial Resource Development initially filed confidentially on February 6, 2014. Citi is the sole bookrunner on the deal. No pricing terms were disclosed.
