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Stock Market & Financial Investment News

News Breaks
June 13, 2014
10:45 EDTMRDMemorial Resource IPO indicated to open $21.00
Memorial Resource (MRD) priced 42.8M shares at $19.00. Citigroup and Barclays acted as joint book running managers for the offering.
News For MRD From The Last 14 Days
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February 25, 2015
10:01 EDTMRDOn The Fly: Analyst Initiation Summary
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06:06 EDTMRDMemorial Resource initiated with a Buy at SunTrust
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February 24, 2015
06:23 EDTMRDMemorial Resource sees FY15 daily production to average 325-365 MMcfe/d
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06:22 EDTMRDMemorial Resource reports 2014-end proved reserves up 45% to 1.6 Tcfe
Proved reserve value on a PV-10 basis increased 106% to $3B compared to $1.5 billion at year-end 2013. Proved, probable and possible reserves increased 34% to 4.9 Tcfe at year-end 2014 compared to 3.6 Tcfe at year-end 2013. MRD reported estimated fourth quarter 2014 average daily production of 282 MMcfe/d which represents a 21% sequential increase from the third quarter 2014. MRD increased estimated full year 2014 production 77% to 227 MMcfe/d compared to 128 MMcfe/d for full year 2013. MRD completed 11 gross horizontal wells in the Terryville Field during the fourth quarter 2014.

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