Memorial Resource Development chief executive John Weinzierl said the deal would further concentrate the company on the Terryville project, where it expects to spend all of its planned $500 million drilling capital expenditure in 2015 to operate eight rigs at the resource play.
Memorial Production Partners president William Scarff said the partnership would gain greater access to long-life, low decline production that would yield acceptable rates of return even in a low price environment.
Memorial
