Memorial Production Partners Buys Eagle Ford Assets in $173 Million Deal

Acquired Assets Located in Karnes County
Alta Mesa Eagle Ford Acreage Map

Alta Mesa Eagle Ford Acreage Map | Click to Enlarge

Memorial Production Partners announced in March 2014 that it purchased Eagle Ford assets from Alta Mesa Holdings for $173 million. The deal includes 15,200 (800 net) acres in Karnes County, with 99-percent of the assets already held by production.

According to company officials, Memorial will gain an interest in 117 non-operated wells, with average net production of 1,650 boe/d. Approximately 80-percent of current production is oil.

Additionally, MemorialĀ is acquiring a 30-percent interest in Alta Mesa’s Eagle Ford leasehold, which includes an interest in over 180 gross and 9 net proved developed non-producing and proven undeveloped locations. Murphy Oil Corporation is the primary operator of the acquired properties.

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