Sanchez Energy Closes Western Catarina Midstream Divestiture
14.10.2015 | Marketwired
HOUSTON, TX--(Marketwired - October 14, 2015) - Sanchez Energy Corp. (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 Corp. 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
General Inquiries:
(713) 783-8000
www.sanchezenergycorp.com
Company contacts:
G. Gleeson Van Riet
Chief Financial Officer
Sanchez Energy Corp.
713-783-8000
Jaime Brito
Senior Vice President, Investor Relations
Sanchez Energy Corp.
713-783-8000