SOURCE: Sanchez Energy Corp

Sanchez Energy Corp

October 14, 2015 16:40 ET

Sanchez Energy Closes Western Catarina Midstream Divestiture

HOUSTON, TX--(Marketwired - October 14, 2015) - Sanchez Energy Corporation (NYSE: SN) ("Sanchez Energy" or the "Company") today announced that it has closed on the previously announced definitive agreement (see Press Release dated September 28, 2015) to sell certain midstream assets located on the Western part of its Catarina asset in the Eagle Ford Shale in South Texas. At closing, the Company received total consideration of approximately $345 million in cash, subject to certain post-closing adjustments.

About Sanchez Energy Corporation

Sanchez Energy Corporation is an independent exploration and production company focused on the acquisition and development of unconventional resources in the onshore U.S. Gulf Coast with a current focus on the Eagle Ford Shale in South Texas, where the Company has assembled approximately 223,000 net acres, and the Tuscaloosa Marine Shale. For more information about Sanchez Energy Corporation, please visit our website (www.sanchezenergycorp.com).

Contact Information

  • General Inquiries:
    (713) 783-8000
    www.sanchezenergycorp.com


    Company contacts:

    G. Gleeson Van Riet
    Chief Financial Officer
    Sanchez Energy Corporation
    713-783-8000

    Jaime Brito
    Senior Vice President, Investor Relations
    Sanchez Energy Corporation
    713-783-8000