Powered by

Sanchez Production buys assets from affiliate Sanchez Energy for $345M

Sep 30, 2015 - The Deal Pipeline

Sanchez Production Partners LP (SPP) said Monday it agreed to acquire pipeline, gathering and compression assets in South Texas' Eagle Ford Shale from affiliate Sanchez Energy Corp. (SN) for $345 million in cash. As a result of the deal, Sanchez Production's management intends to recommend that the board of its general partner, Sanchez Production Partners GP LLC, approve a plan to begin distributions at an initial annualized rate of $1.60 per unit with the first 40 cent distribution ...