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Memorial Production Partners LP Announces Exercise Of Underwriters' Option To Purchase Additional Common Units

HOUSTON, Dec. 21, 2012 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (Nasdaq:MEMP) announced today that the underwriters of its previously announced underwritten public offering of 10,500,000 common units representing limited partner interests in MEMP, which closed on December 12, 2012, have purchased an additional 1,475,000 common units at a price to the public of $17.00 per unit pursuant to their over-allotment option.

MEMP intends to use the net proceeds from the sale of these additional common units, including its general partner's proportionate capital contribution and after deducting underwriting discounts but before offering expenses, of approximately $24.1 million, for general partnership purposes.

Raymond James, Citigroup, BofA Merrill Lynch, Barclays, RBC Capital Markets and Wells Fargo Securities acted as joint book-running managers for the offering. Oppenheimer & Co., Sanders Morris Harris and Wunderlich Securities acted as co-managers for the offering.

This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from the offices of:

Raymond James
Attention Raymond James & Associates
Attn: Equity Syndicate
880 Carillon Parkway
St. Petersburg, FL 33716
Telephone: (800) 248-8863
 
Citigroup 
c/o Broadridge Financial Solutions
1155 Long Island Avenue 
Edgewood, NY 11717 
Email: BATProspectusdept@citi.com
Telephone: (800) 831-9146
 
BofA Merrill Lynch 
Attention: Prospectus Department
222 Broadway
New York, NY 10038
Email: dg.prospectus_requests@baml.com
 
Barclays 
c/o Broadridge Financial Solutions
1155 Long Island Avenue 
Edgewood, NY 11717 
Email: Barclaysprospectus@broadridge.com
Toll Free: (888) 603-5847
 
RBC Capital Markets
Attention: Equity Syndicate 
Three World Financial Center 
200 Vesey Street, 8th Floor 
New York, NY 10281
Telephone: (877) 822-4089
 
Wells Fargo Securities 
Attention: Equity Syndicate Dept. 
375 Park Avenue 
New York, NY 10152 
Email: cmclientsupport@wellsfargo.com
Telephone: (800) 326-5897

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission ("SEC"). The registration statement is available on the SEC's web site at http://www.sec.gov under the registrant's name, "Memorial Production Partners LP." This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Memorial Production Partners LP is a Delaware limited partnership that was formed to own and acquire oil and natural gas properties in North America. MEMP's properties are located in South Texas, East Texas/North Louisiana and California and consist of mature, legacy oil and natural gas reservoirs. MEMP is headquartered in Houston, Texas. 

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