TCR_Public/170520.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, May 20, 2017, Vol. 21, No. 139

                            Headlines

MEMORIAL PRODUCTION: Swings to $4.43 Million Net Loss in March
VANGUARD NATURAL: Suffers $22,958 Net Loss in March

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MEMORIAL PRODUCTION: Swings to $4.43 Million Net Loss in March
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Memorial Production Partners LP, et al., filed with the U.S.
Securities and Exchange Commission their monthly operating report
for March 2017.

The Debtors statement of operations reflected a net loss of $4.43
million on $24.99 million of total revenues in March, as compared
to $1.79 million net income posted for February.

As of March 31, 2017, the Debtors posted total assets of $1.90
billion, $1.83 billion in total liabilities, and $76.53 million in
total shareholders' equity.

The Debtors listed total cash receipts of $35.40 million and total
cash disbursements of $28.06 million.  

A copy of the monthly operating report is available at the SEC at:

                    http://bit.ly/2r5SHcO  

            About Memorial Production Partners LP

Memorial Production Partners LP -- http://www.memorialpp.com/-- is

a publicly traded partnership engaged in the acquisition,
production and development of oil and natural gas properties in
the
United States. MEMP's properties consist of mature, legacy oil and
natural gas fields. MEMP is headquartered in Houston, Texas.

Memorial Production Partners LP, Memorial Production Finance
Corporation and their debtor-affiliates filed a Chapter 11
petition
(Bankr. S.D. Tex. Lead Case No. 17-30262) on January 16, 2017.
The
cases are assigned before the Hon. Marvin Isgur.

The Debtors are represented by Alfredo R. Perez, Esq., at Weil,
Gotshal & Manges LLP, in Houston, Texas; and Gary T. Holtzer,
Esq.,
and Joseph H. Smolinsky, Esq., at Weil, Gotshal & Manges LLP, New
York.  The Debtors' financial advisor is Perella Weinberg Partners
LP.  The Debtors' Restructuring Advisor is Alixpartners, LLP.  The
Debtors' claims, noticing, and solicitation agent is Rust
Consulting/Omni Bankruptcy.

At the time of filing, the Debtors had estimated assets of $1
billion to $10 billion and estimated debts of $1 billion to $10
billion.


VANGUARD NATURAL: Suffers $22,958 Net Loss in March
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Vanguard Natural Resources, LLC, et al., filed with the U.S.
Securities and Exchange Commission their monthly operating
report for March 2017.

The Debtors' statement of operations showed a net loss of
$22,958 on $41,466 of revenues for March, a swing from $5,903 net
income reported for the previous month.

As of March 31, 2017, the Debtors recorded total assets of $1.30
million, $2.21 million in total liabilities, and a total
shareholders' equity of -$912,284.

At the start of the month, the Debtors had $51,662 cash.  They
listed total cash receipts of $59,291 and total disbursements of
$52,446.  At month end, the Debtors had $58,507 cash.

A copy of the monthly operating report is available at the SEC at:

                    http://bit.ly/2qXUXpb  

               About Vanguard Natural Resources

Vanguard Natural Resources, LLC -- http://www.vnrllc.com/-- is a  

publicly traded limited liability company focused on the
acquisition, production and development of oil and natural gas
properties.  Vanguard's assets consist primarily of producing and
non-producing oil and natural gas reserves located in the Green
River Basin in Wyoming, the Permian Basin in West Texas and New
Mexico, the Gulf Coast Basin in Texas, Louisiana, Mississippi and
Alabama, the Anadarko Basin in Oklahoma and North Texas, the
Piceance Basin in Colorado, the Big Horn Basin in Wyoming and
Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston
Basin in North Dakota and Montana, the Wind River Basin in
Wyoming, and the Powder River Basin in Wyoming.

The Debtors listed total assets of $1.54 billion and total debts
of $2.3 billion as of Feb. 1, 2017.

Paul Hastings LLP is serving as legal counsel and Evercore
Partners is acting as financial advisor to Vanguard.  Opportune
LLP is the Company's restructuring advisor.  Prime Clerk LLC is
serving as claims and noticing agent.

Judy R. Robbins, the U.S. Trustee for Region 7, on Feb. 14, 2017,
appointed three creditors to serve on the official committee of
unsecured creditors appointed in the Debtor's case.  The Committee
hired Akin Gump Strauss Hauer & Feld LLP as counsel and FTI
Consulting, Inc., as financial advisor.

Attorneys for Citibank, N.A, as administrative agent under the
Third Amended and Restated Credit Agreement, dated as of September
30, 2011, are Chris Lopez, Esq., Stephen Karotkin, Esq., and
Joseph H. Smolinsky, Esq., at Weil Gotshal & Manges LLP.



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Troubled Company Reporter is a daily newsletter co-published
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Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.  
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
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