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Investor Letter

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Operations

Total Partnership
Est. Proved Reserves (Bcfe) 1,578
% Proved Developed 61%
% Liquids Reserves 61%
Daily Production (MMcfe/d) 213
Total Proved Reserve Life (R/P) 20.3
Gross Wells 3,123
Net Wells 1,836
Drilling and Recompletion Opportunities 1,184

 

East Texas / North Louisiana
Proved Reserves (Bcfe) 614
% Gas Reserves 68%
Daily Production (MMcfe/d) 114.1
Gross Wells 1,249
Net Wells 652
Drilling and Recompletion Opportunities 318

 

South Texas
Proved Reserves (Bcfe) 208
% Gas Reserves 68%
Daily Production (MMcfe/d) 30.2
Gross Wells 645
Net Wells 425
Drilling and Recompletion Opportunities 414

 

Permian
Est. Proved Reserves (MMBoe) 18.1
% Liquids Reserves 92%
Production (MBoe/d) 2.1
Gross Wells 426
Net Wells 378
Drilling and Recompletion Opportunities 268

 

California
Proved Reserves (MMBbls) 14.3
% Oil Reserves 100%
Production (MBbls/d) 1.5
Gross Wells 54
Net Wells 28
Drilling and Recompletion Opportunities 27

Rockies
Proved Reserves (MMBoe) 94
% Liquids Reserves 91%
Production (MBoe/d) 7.8
Gross Wells 749
Net Wells 353
Drilling and Recompletion Opportunities 157

Note: MEMP base assets reflect estimated proved reserves as of December 31, 2013 per NSAI audited report; Pro forma for the recently completed East Texas and Eagle Ford acquisitions per MEMP internal estimates and the Wyoming acquisition per MEMP internal estimates audited by Ryder Scott Company, L.P. Pro forma average production as of and for the three months ended March 31, 2014.



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