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HOUSTON, Jan. 27, 2012 (GLOBE NEWSWIRE) — Memorial Production Partners LP (Nasdaq:MEMP) announced today that the board of directors of its general partner has approved a cash distribution of .0929 per unit for the fourth quarter of 2011. This represents a prorated amount that, on an equivalent full-quarter basis, corresponds to its minimum quarterly cash distribution of .4750 per unit, or .90 per unit on an annualized basis. The proration period is from the closing date of Memorial Production Partner LP’s initial public offering, December 14, 2011 through December 31, 2011. The distribution will be paid February 13, 2012 to all unitholders of record at the close of business on February 6, 2012. Immediately prior to the distribution there will be 22,221,798 units outstanding including all common, subordinated and general partner units.

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 and East Texas and consist of mature, legacy onshore oil and natural gas reservoirs.

This press release is a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100% of Memorial Production Partners LP’s distributions to foreign investors as being attributable to income that is effectively connected with a United States trade or business. Therefore, distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.

This press release may include “forward-looking statements” as defined by the Securities and Exchange Commission. 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 our actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to financial performance and results, availability of sufficient cash flow to pay distributions and execute our business plan, prices and demand for natural gas and oil, our ability to replace reserves and efficiently develop our current reserves and other important factors that could cause actual results to differ materially from those projected as described in MEMP’s reports filed with the Securities and Exchange Commission. MEMP undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. 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.

The Memorial Production Partners logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11158

CONTACT: Memorial Production Partners LP

         Ronnetta Eaton, Manager, Investor Relations
         (713) 588-8350
         ir@memorialpp.com

         Andrew J. Cozby, VP, Finance
         (713) 588-8350
         ir@memorialpp.com