HOUSTON, July 20, 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 $0.48 per unit for
the second quarter of 2012. This distribution represents an annualized
amount of $1.92 per unit and will be paid on August 13, 2012 to
unitholders of record as of the close of business on August 1, 2012.

MEMP also announced today that it will report second quarter 2012
financial and operating results before the market opens for trading on
August 9, 2012. Following the announcement, management will host a
second quarter 2012 earnings conference call at 9 a.m. CT. Interested
parties are invited to participate on the call by dialing (866)
501-5542 (Conference ID: 93190812) at least 15 minutes prior to the
start of the call or via the internet at www.memorialpp.com. A replay
of the call will be available on MEMP's website or by phone at (855)
859-2056 (Conference ID: 93190812) for a seven-day period following the
call.

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 and East
Texas/North Louisiana and consist of mature, legacy onshore oil and
natural gas reservoirs. MEMP is headquartered in Houston, Texas. For
more information, visit www.memorialpp.com.

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

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 ("SEC"). 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 SEC.
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. For a more complete list of these risk factors,
please read MEMP's filings with the SEC, which are available on MEMP's
Investor Relations website at http://investor.memorialpp.com/sec.cfm or
on the SEC's website at www.sec.gov. 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
         ir@memorialpp.com