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, Memorial 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.