MRD Description — Memorial Resource Development Corp
Memorial Resource Development is an independent natural gas and oil company focused on the acquisition, exploration and development of natural gas and oil properties with substantially all of its activity in the Terryville Complex of North Louisiana, where Co. is targeting natural gas opportunities in multiple zones in the Cotton Valley formation. Co. has two reportable business segments: MRD and MEMP (Memorial Production Partners LP). At Dec 31 2015, Co. had total proved reserves of 1.38 trillion cubic feet of gas equivalent, consisting of 13.2 million barrels of oil, 973.81 billion cubic feet of natural gas, and 54.2 million barrels of natural gas liquids.