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Press release from GlobeNewswire (a Nasdaq OMX company)

Memorial Production Partners LP Announces Exercise of Underwriters' Option to Purchase Additional Common Units

Friday, December 21, 2012

Memorial Production Partners LP Announces Exercise of Underwriters' Option to Purchase Additional Common Units13:05 EST Friday, December 21, 2012HOUSTON, Dec. 21, 2012 (GLOBE NEWSWIRE) -- Memorial Production Partners LP (Nasdaq:MEMP) announced today that the underwriters of its previously announced underwritten public offering of 10,500,000 common units representing limited partner interests in MEMP, which closed on December 12, 2012, have purchased an additional 1,475,000 common units at a price to the public of $17.00 per unit pursuant to their over-allotment option. MEMP intends to use the net proceeds from the sale of these additional common units, including its general partner's proportionate capital contribution and after deducting underwriting discounts but before offering expenses, of approximately $24.1 million, for general partnership purposes. Raymond James, Citigroup, BofA Merrill Lynch, Barclays, RBC Capital Markets and Wells Fargo Securities acted as joint book-running managers for the offering. Oppenheimer & Co., Sanders Morris Harris and Wunderlich Securities acted as co-managers for the offering. This offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from the offices of: Raymond James Attention Raymond James & Associates Attn: Equity Syndicate 880 Carillon Parkway St. Petersburg, FL 33716 Telephone: (800) 248-8863   Citigroup  c/o Broadridge Financial Solutions 1155 Long Island Avenue  Edgewood, NY 11717  Email: Telephone: (800) 831-9146   BofA Merrill Lynch  Attention: Prospectus Department 222 Broadway New York, NY 10038 Email:   Barclays  c/o Broadridge Financial Solutions 1155 Long Island Avenue  Edgewood, NY 11717  Email: Toll Free: (888) 603-5847   RBC Capital Markets Attention: Equity Syndicate  Three World Financial Center  200 Vesey Street, 8th Floor  New York, NY 10281 Telephone: (877) 822-4089   Wells Fargo Securities  Attention: Equity Syndicate Dept.  375 Park Avenue  New York, NY 10152  Email: Telephone: (800) 326-5897 A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission ("SEC"). The registration statement is available on the SEC's web site at under the registrant's name, "Memorial Production Partners LP." This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Memorial Production Partners LP is a Delaware limited partnership that was formed to own and acquire oil and natural gas properties in North America. MEMP's properties are located in South Texas, East Texas/North Louisiana and California and consist of mature, legacy oil and natural gas reservoirs. MEMP is headquartered in Houston, Texas.  The Memorial Production Partners logo is available at Statements This press release may include "forward-looking statements" within the meaning of federal securities laws. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that MEMP expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by MEMP based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of MEMP, which may cause MEMP's actual results to differ materially from those implied or expressed by the forward-looking statements. Please read MEMP's filings with the SEC, which are available on MEMP's Investor Relations website at or on the SEC's website at, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. MEMP undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release.CONTACT: Memorial Production Partners LP Ronnetta Eaton - Manager, Investor Relations (713) 588-8350