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Profile: Memorial Production Partners LP (MEMP.OQ)

MEMP.OQ on NASDAQ Stock Exchange Global Select Market

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Memorial Production Partners LP (the Partnership), incorporated on April 27, 2011, owns, acquires and exploits oil and natural gas properties in North America. The Partnership is owned by its limited partners and general partner. Its general partner is responsible for managing all of the Partnership's operations and activities. The Partnership operates in the acquisition, exploitation, development and production of oil and natural gas properties segment. Its business activities are conducted through Memorial Production Operating LLC (OLLC) and its wholly owned subsidiaries. Its assets consist primarily of producing oil and natural gas properties, and are located in East Texas/Louisiana, Rockies, Offshore Southern California, Permian Basin and South Texas. Most of its oil and natural gas properties are located in oil and natural gas reservoirs with geologic characteristics and production profiles and capital requirements.

East Texas/Louisiana

Approximately 40% of the Company's estimated proved reserves and approximately 60% of its average daily net production are located in the East Texas/North Louisiana region. Its East Texas/North Louisiana properties include wells and properties located in Joaquin, Carthage, Willow Springs and East Henderson fields in East Texas. These properties collectively contain over 535 billion cubic feet of natural gas equivalent (Bcfe) of estimated net proved reserves and generate average net production of over 155 million cubic feet of natural gas equivalent per day (MMcfe/d). Its East Texas/North Louisiana properties include properties in the Joaquin and Carthage fields in Panola and Shelby Counties, the Willow Springs field located in Gregg County, the East Henderson field located in Rusk County, and the Terryville field located in Lincoln Parish.

Rockies

Approximately 40% of the Company's estimated proved reserves and approximately 20% of its average daily net production are located in the Rockies region. The Company's Rockies properties are primarily located in Colorado and Wyoming. Other fields include the Lost Soldier and Wertz fields in Wyoming at its Bairoil complex. Its Rockies properties contains over 75 million barrels (MMBbls) and over 21.7 billion cubic feet of natural gas (Bcf) of estimated net proved reserves of oil and Natural Gas Liquids (NGLs) combined and natural gas, respectively and generate average net production of 43.8 MMcfe/d.

Offshore Southern California

Approximately 10% of the Company's estimated proved reserves and approximately 10% of its average daily net production are located offshore Southern California. These properties, the Beta properties, consist of all of the working interests and approximately 75.19% average net revenue interest in over three Pacific Outer Continental Shelf blocks (P-0300, P-0301 and P-0306), referred to as the Beta unit, in the Beta Field located in federal waters approximately 10 miles offshore the Port of Long Beach, California. Its Beta properties contain over 22.7 MMBbls of estimated net proved oil reserves. The Beta properties collectively generate average net production of over 3,860 barrels per day (Bbls/d) of oil. The Beta properties also include approximately two wellbore production platforms, referred to as the Ellen and Eureka platforms, with permanent drilling equipment systems; over one production handling and processing platform, referred to as the Elly platform; the San Pedro Bay Pipeline Company, which owns and operates a 16-inch diameter oil pipeline that extends approximately 17.5 miles from the Elly platform to the Beta pump station located onshore at the Port of Long Beach, California, and an onshore tankage and metering facility.

Permian Basin

Approximately 1% of the Company's estimated proved reserves and approximately 4% of its average daily net production are located in the Permian Basin region of West Texas. Its Permian Basin properties include wells in the Anita, Bronte, Dimmitt, Elkhorn, Hendrick and Kingdom Abo fields. Permian Basin properties contained over three MMBbls and approximately 0.2 Bcf of estimated net proved reserves of oil and natural gas, respectively, and generate average net production of over 9.7 MMcfe/d.

South Texas

Approximately 10% of the Company's estimated proved reserves and average daily net production are located in the South Texas region. Its South Texas properties include wells and properties in various fields located primarily in the Eagle Ford, Eagleville, Nebraska (NE) Thompsonville, Laredo and East Seven Sisters fields. Its South Texas properties contains over 85 Bcfe of estimated net proved reserves. Its South Texas properties collectively generate average net production of approximately28.3 MMcfe/d.

Company Address

Memorial Production Partners LP

500 Dallas St Ste 1600
HOUSTON   TX   77002-2067
P: +1713.5888300
F: +1800.2535177

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