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Investor Letter

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Operations

Total Partnership
Est. Proved Reserves (Bcfe) 1,075
% Proved Developed 61%
% Gas Reserves 58%
Daily Production (MMcfe/d) 181.9
Total Proved Reserve Life (R/P) 16.2
Gross Wells 2,983
Net Wells 1,696
Drilling and Recompletion Opportunities 1,078

 

East Texas / North Louisiana
Proved Reserves (Bcfe) 613
% Gas Reserves 68%
Daily Production (MMcfe/d) 114.5
Gross Wells 1,249
Net Wells 652
Drilling and Recompletion Opportunities 318

 

Eagle Ford/South Texas
Proved Reserves (Bcfe) 207
% Gas Reserves 68%
Daily Production (MMcfe/d) 33.3
Gross Wells 645
Net Wells 425
Drilling and Recompletion Opportunities 414

 

Permian
Est. Proved Reserves (MMBoe) 18.1
% Liquids Reserves 92%
Production (Boe/d) 2,214
Gross Wells 426
Net Wells 378
Drilling and Recompletion Opportunities 268

 

California
Proved Reserves (MMBbls) 14.3
% Oil Reserves 100%
Production (Bbls/d) 1,543
Gross Wells 54
Net Wells 28
Drilling and Recompletion Opportunities 27

Rockies
Proved Reserves (Bcfe) 61
% Gas Reserves 83%
Production (MMcfe/d) 11.5
Gross Wells 609
Net Wells 213
Drilling and Recompletion Opportunities 51

Note: Reflects estimated proved reserves as of December 31, 2013 per Netherland, Sewell & Associates, Inc. audited report; Pro Forma for recently completed East Texas and Eagle Ford acquisitions per MEMP internal estimates.



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