Memorial Production Partners LP Announces Public Offering Of Common Units

Memorial Production Partners LP

announced today that it has commenced an underwritten public offering of 8,600,000 common units representing limited partner interests in MEMP. The underwriters will be granted a 30-day option to purchase up to an additional 1,290,000 common units. MEMP intends to use the net proceeds from the offering, including the proceeds from any exercise of the option to purchase additional common units, to repay a portion of the outstanding borrowings under its revolving credit facility. Citigroup and Barclays are acting as joint book-running managers for the offering. The underwriters may offer the common units in one or more transactions in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. Copies of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from the offices of: Citigroup Barclays c/o Broadridge Financial Solutions c/o Broadridge Financial Solutions 1155 Long Island Avenue 1155 Long Island Avenue Edgewood, NY 11717 Edgewood, NY 11717 Telephone: (800) 831-9146 Email: Barclaysprospectus@broadridge.com Telephone: (888) 603-5847 An electronic copy of the preliminary prospectus supplement and accompanying prospectus may also be obtained at no charge at the Securities and Exchange Commission's ("SEC") website at www.sec.gov. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus supplement and accompanying prospectus, each of which is part of an effective shelf registration statement filed by MEMP with the SEC. Memorial Production Partners LP is a publicly traded partnership engaged in the acquisition, production and development of oil and natural gas properties in the United States. MEMP's properties consist of mature, legacy oil and natural gas fields. MEMP is headquartered in Houston, Texas.