•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    MEMP closes acquisition, increases borrowing base

    Memorial Production Partners LP

    Memorial Production Partners LP (Nasdaq:MEMP) has closed its acquisition of certain oil producing properties in Wyoming for approximately $915 million.

    In conjunction with the closing of the acquisition, MEMP amended its $2.0 billion multi-year revolving credit facility, increasing its borrowing base from $870 million to $1.44 billion. MEMP also increased the number of lenders under its credit facility from 23 to 28. The acquisition was funded with borrowings under MEMP's revolving credit facility.

    Related Articles

    Woodside shareholders block $2.68B buyback from Shell

    08/01/2014

    Woodside Petroleum Ltd. has failed to win shareholder approval to buy back $2.68 billion of its shares from Royal Dutch Shell plc, according to Reuters.

    Eni inks PSCs for two onshore exploration blocks in Myanmar

    08/01/2014 Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, has signed two production sharing contracts for the RSF-5 and PSC-K ons...

    Weir Group acquires Metra Equipment

    08/01/2014 The Weir Group plc has acquired Metra Equipment Inc., a wellhead supplier based in Saskatchewan, Canada, for an undisclosed consideration. The company will be part of Seaboard, a business of Weir O...

    TransCoastal to drill 10 wells in Core Area

    08/01/2014 TransCoastal Corp., an independent energy development company, has entered into a joint venture agreement with Core Resource Management Inc., to drill up to 10 wells on TransCoastal's Pampa, Texas,...

    Tamarind and Blackstone form partnership

    07/31/2014

    Tamarind Energy, a new exploration and production company headquartered in Kuala Lumpur, reports its formation with a commitment from Blackstone Energy Partners.  

    More Oil & Gas Financial Articles

    Woodside shareholders block $2.68B buyback from Shell

    Fri, Aug 1, 2014

    Woodside Petroleum Ltd. has failed to win shareholder approval to buy back $2.68 billion of its shares from Royal Dutch Shell plc, according to Reuters.

    Eni inks PSCs for two onshore exploration blocks in Myanmar

    Fri, Aug 1, 2014

    Eni, following its participation in the competitive International Bid Round launched by the Republic of the Union of Myanmar, has signed two production sharing contracts for the RSF-5 and PSC-K onshore blocks in Myanmar.

    Weir Group acquires Metra Equipment

    Fri, Aug 1, 2014

    The Weir Group plc has acquired Metra Equipment Inc., a wellhead supplier based in Saskatchewan, Canada, for an undisclosed consideration. The company will be part of Seaboard, a business of Weir Oil & Gas’ Pressure Control Segment.

    TransCoastal to drill 10 wells in Core Area

    Fri, Aug 1, 2014

    TransCoastal Corp., an independent energy development company, has entered into a joint venture agreement with Core Resource Management Inc., to drill up to 10 wells on TransCoastal's Pampa, Texas, acreage.  

    Tamarind and Blackstone form partnership

    Thu, Jul 31, 2014

    Tamarind Energy, a new exploration and production company headquartered in Kuala Lumpur, reports its formation with a commitment from Blackstone Energy Partners.  

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ