Sanchez Production Partners LP (NYSEMKT:SPP) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On November17, 2016, Sanchez Production Partners LP (the
Partnership) issued a press release announcing the pricing of its
previously announced underwritten public offering of 6,550,802
common units representing limited partner interests at a public
offering price of $11.00 per common unit. The underwriters of the
offering have a 30-day option to purchase up to an additional
982,620 common units at the public offering price, less
underwriting discounts and commissions and the structuring fee
payable by the Partnership. The offering and private placement
are expected to close on November22, 2016. The press release is
attached as Exhibit 99.1 to this report and is incorporated
herein by reference.
The information included in this Item 7.01 (including
Exhibit99.1) shall not be deemed to be filed for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended
(the Exchange Act), or otherwise subject to the liabilities of
that section, and is not incorporated by reference into any
filing under the Securities Act of 1933, as amended, or the
Item 8.01 Other Events.
The Partnership also announced on November17, 2016 a separate,
concurrent private placement of 2,272,727 common units to Sanchez
Energy Corporation at a price of $11.00 per common unit. The
private placement is exempt from registration under the
Securities Act of 1933 to Section4(a)(2)thereof. To the extent
applicable, the press release attached as Exhibit99.1 to this
report is incorporated herein by reference.
Item 9.01 Financial Statements and
In accordance with General Instruction B.2 of Form8-K, the
information set forth in the attached Exhibit99.1 is deemed to be
furnished and shall not be deemed to be filed for purposes of
Section18 of the Exchange Act.
Press release, dated November17, 2016.
About Sanchez Production Partners LP (NYSEMKT:SPP)
Sanchez Production Partners LP, formerly Sanchez Production Partners LLC, is focused on the acquisition, development, ownership and operation of midstream and other energy producing assets. The Company operates through two segments: the exploration and production of oil and natural gas, and the midstream business, which includes the Catarina gathering system. The Exploration and Production segment explores for and produces crude oil and natural gas. The Midstream segment operates the gathering, processing and transportation of crude oil, natural gas liquids (NGLs) and natural gas. The exploration and production business includes oil and natural gas reserves located in the Eagle Ford Shale in South Texas and in other areas of Texas and Louisiana, as well as properties in the Mid-Continent region. The Company’s total estimated proved reserves total over 11.6 million barrels of oil equivalent (MMBoe). It owns approximately 1,992 net producing wells. Sanchez Production Partners LP (NYSEMKT:SPP) Recent Trading Information
Sanchez Production Partners LP (NYSEMKT:SPP) closed its last trading session down -1.97 at 13.23 with – shares trading hands.