Memorial Resource reports Q2 revenue $113.28M, consensus $116.93M Reports Q2 adjusted net income $44.8M vs. $15.4M. Production and ad valorem taxes totaled $3.9M for Q2, or 10c per Mcfe, compared to $3.8M, or 35c per Mcfe, for 2Q13. Per unit production and ad valorem taxes decreased in the quarter compared to the prior year period primarily due to the utilization of temporary production tax rate incentives available on new wells drilled.
Memorial Resource announces $50M share repurchase program Memorial Resource announced that its board has authorized the repurchase of up to $50M of MRD's common stock. The authorization is effective immediately.