Memorial Production Partners LP reached agreements with its noteholders and lenders on a financial restructuring plan that will eliminate more than $1.3 billion of debt from the Partnership’s balance sheet and enhance its financial flexibility. To implement these agreements, MEMP voluntarily filed for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division on January 16, 2017. The plan of reorganization was confirmed on April 14, 2017.MEMP’s operations and production are expected to continue as normal across its asset base throughout the court-supervised financial restructuring process.
Case InformationCourt filings and other information related to the court-supervised proceedings are available on a separate website administered by MEMP’s claims agent, Rust Omni, at http://www.omnimgt.com/MemorialProductionPartners.
Memorial Production Partners has established a Restructuring Hotline, toll-free in the U.S., at: (877) 773-8184.
Royalty Owners / Interest Partners
Meaghan Repko / Andrew Siegel / Aaron Palash
Joele Frank, Wilkinson Brimmer Katcher