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Memorial Production Partners explores $288 million IPO

June 23, 2011

Memorial Production Partners LP, a limited partnership formed by Memorial Resource to acquire oil and gas properties in Texas, filed on Thursday with the SEC to raise up to $288 million in an initial public offering. The Houston, TX-based company, which was founded in 2011 and booked $43 million in sales for the 12 months ended March 31, 2011, plans to list on the NASDAQ under the symbol MEMP. Citi, Raymond James, and Wells Fargo Securities are the lead underwriters on the deal. No pricing terms were disclosed.