Company Website:
http://www.sanchezpp.com
HOUSTON -- (Business Wire)
Pursuant to the Plan of Conversion filed with the Securities and
Exchange Commission (SEC), and upon obtaining approval from all classes
of unitholders taken at a special meeting of unitholders held on March
6, 2015, Sanchez Production Partners (NYSE MKT: SPP) earlier today
completed a statutory conversion from a limited liability company to a
limited partnership named “Sanchez Production Partners LP.” In
conjunction with the conversion, the following changes became effective
immediately after market hours on Friday, March 6, 2015:
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Previously
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Currently
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Name:
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Sanchez Production Partners LLC
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Sanchez Production Partners LP
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Website:
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Ticker:
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NYSE MKT: SPP
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NYSE MKT: SPP
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CUSIP:
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79971A 106
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79971C 102
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ISIN:
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US79971A1060
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US79971C1027
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“Today’s conversion, which had the overwhelming support of our
unitholders, caps a process we undertook last summer to further
integrate our operations with Sanchez Oil & Gas Corporation (“SOG”), a
committed sponsor with a robust operational platform and extensive
business development capability,” said Stephen R. Brunner, President and
Chief Executive Officer of Sanchez Production Partners. “With the
conversion now complete, we believe we’re better positioned to leverage
SOG’s operational platform and service relationships to achieve
production growth and efficiencies that benefit our unitholders.”
Sanchez Production Partners LP will trade under the ticker symbol “SPP”
effective at the open of trading on the NYSE MKT on Monday, March 9,
2015.
About the Company
Sanchez Production Partners LP (NYSE MKT: SPP) is a publicly-traded
limited partnership focused on the acquisition, development and
production of oil and natural gas properties and other integrated
assets. The partnership’s proved reserves are currently located in the
Cherokee Basin in Oklahoma and Kansas, the Woodford Shale in the Arkoma
Basin in Oklahoma, the Central Kansas Uplift in Kansas, and along the
Gulf Coast in Texas and Louisiana. For more information, please visit
the partnership’s website (www.sanchezpp.com).
Forward-Looking Statements
We make statements in this news release that are considered
forward-looking statements within the meaning of the Securities Act of
1933 and the Securities Exchange Act of 1934. These forward-looking
statements are largely based on our expectations, which reflect
estimates and assumptions made by the management of our general partner.
These estimates and assumptions reflect our best judgment based on
currently known market conditions and other factors. Although we believe
such estimates and assumptions to be reasonable, they are inherently
uncertain and involve a number of risks and uncertainties that are
beyond our control. In addition, management's assumptions about future
events may prove to be inaccurate. Management cautions all readers that
the forward-looking statements contained in this news release are not
guarantees of future performance, and we cannot assure you that such
statements will be realized or the forward-looking events and
circumstances will occur. Actual results may differ materially from
those anticipated or implied in the forward-looking statements due to
factors listed in the “Risk Factors” section in our SEC filings and
elsewhere in those filings. All forward-looking statements speak only as
of the date of this news release. We do not intend to publicly update or
revise any forward-looking statements as a result of new information,
future events or otherwise. These cautionary statements qualify all
forward-looking statements attributable to us or persons acting on our
behalf.
Contacts:
Sanchez Production Partners LP
Investor Contact:
Charles
C. Ward, (877) 847-0009
General Inquiries: (877) 847-0008
www.sanchezpp.com
Source: Sanchez Production Partners LP
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