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Memorial Production to be delisted from Nasdaq following Chapter 11 filing

Memorial Production Partners LP is set to be delisted from Nasdaq due to its filing to seek Chapter 11 bankruptcy protection, unless the partnership requests an appeal.

The partnership's common units also failed to reach Nasdaq's listing standard of maintaining an average closing price per share of not less than $1 over a 30 trading-day period, as disclosed on Dec. 19, 2016.

On Jan. 17, the partnership received a letter stating that it will be delisted from Nasdaq and that its units will be suspended from trading at the opening of business beginning Jan. 26, according to a Jan. 23 SEC filing.

Memorial Production is planning to request an appeal of the impending delisting.