Memorial Production Partners lifts borrowing base to $1.44 billion

By Angela McDaniels

Tacoma, Wash., Oct. 14 – Memorial Production Partners LP and Memorial Production Operating LLC amended their credit agreement on Friday, according to an 8-K filing with the Securities and Exchange Commission.

The amendment increases the borrowing base to $1.44 billion and allows Memorial Production Operating to elect, up to two times per fiscal year, additional interim borrowing base redeterminations upon any material acquisition.

Wells Fargo Bank, NA is the administrative agent.

Memorial Production is a Houston-based upstream master limited partnership focused on oil and gas development.

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