Memorial Production Partners LP (Nasdaq: MEMP) is buying oil and gas properties in Texas for $35 million.

Memorial Resource Development LLC is selling the properties, which are located in Polk and Tyler counties in eastern Texas..

The Houston-based buyer focuses on acquiring, producing and developing oil and gas properties in the U.S. Memorial is funding the deal through borrowings under its $2 billion revolving credit facility, which has an $845 million borrowing base.

The transaction follows several other oil and gas deals, including purchases by Mid Con Energy Partners LP (Nasdaq: MCEP) and Access Midstream Partners LP (NYSE: ACMP).

 

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