SANCHEZ ENERGY CORPORATION (OTCMKTS:SNZYP) Files An 8-K Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of
Assets.

On December14, 2016, SN Cotulla Assets, LLC (SNC), a
wholly-owned subsidiary of Sanchez Energy Corporation (the
Company),
completed the initial closing on its previously announced sale
(the Transaction) to
Carrizo (Eagle Ford) LLC (Carrizo Eagle
Ford) of certain oil and gas interests and
associated assets located in Dimmit County, Frio County, LaSalle
County, Zavala County and McMullen County, Texas (the
Cotulla
Assets). SNC completed a second closing on an
additional portion of the Cotulla Assets on January9, 2017 and a
third closing on the final portion of the Cotulla Assets on
April13, 2017, subject to customary post-closing adjustments. To
date, SNC has received aggregate consideration of approximately
$170.3 million.

The Cotulla Assets were sold to a Purchase and Sale Agreement
dated October24, 2016 (the Purchase
Agreement) between SNC and Carrizo Eagle Ford, and,
for the limited purposes set forth therein, the Company and
Carrizo Oil Gas,Inc. (Carrizo). The
Purchase Agreement contains customary representations,
warranties, covenants, indemnification provisions and adjustments
that are typical for these types of transactions. Such
representations, warranties, covenants, indemnifications and
other provisions were made or agreed to, among other things, to
provide the parties thereto with specified rights and obligations
and to allocate risk among them. Accordingly, the Purchase
Agreement should not be relied upon as constituting a description
of the actual state of affairs of any of the parties thereto or
their affiliates at the time it was entered into or otherwise.

This summary of the Purchase Agreement does not purport to be
complete, and is qualified in its entirety by reference to the
text of the Purchase Agreement, a copy of which was filed as
Exhibit2.1 to the Companys Current Report on Form8-K on
January13, 2017 and is incorporated into this Item 2.01 by
reference.

Item 9.01 Financial Statements and
Exhibits.

(d)Exhibits.

The following materials are furnished as exhibits to this Current
Report on Form8-K:

* Exhibits and Schedules have been omitted to Item 601(b)(2)of
Regulation S-K. A list of these Exhibits and Schedules is
included in the index of the Purchase Agreement. The Company
agrees to furnish a supplemental copy of any such omitted
Exhibitor Schedule to the SEC upon request.

About SANCHEZ ENERGY CORPORATION (OTCMKTS:SNZYP)

Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of the United States onshore unconventional oil and natural gas resources. The Company primarily focuses on the Eagle Ford Shale in South Texas. The Company also holds an undeveloped acreage position in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana. As of December 31, 2016, it had assembled approximately 278,000 net leasehold acres in the Eagle Ford Shale. As of December 31, 2016, it had 473 net wells in the Eagle Ford Shale area. In its Catarina area, the Company had approximately 106,000 net acres in Dimmit, LaSalle and Webb Counties, Texas, at December 31, 2016. In its Maverick area, it had approximately 100,000 net acres in Dimmit, Frio, LaSalle, Zavala and McMullen Counties, Texas, at December 31, 2016. In its Javelina area, it had approximately 39,500 net acres in LaSalle and Webb Counties, Texas, at December 31, 2016.

SANCHEZ ENERGY CORPORATION (OTCMKTS:SNZYP) Recent Trading Information

SANCHEZ ENERGY CORPORATION (OTCMKTS:SNZYP) closed its last trading session 00.00 at 35.78 with 30,375 shares trading hands.