Sanchez Production Partners Engages Lantana Energy Advisors for the Possible Sale of Mid-Continent Assets
Mid-Continent Asset Sale


Sanchez Production Partners





HOUSTON--(BUSINESS WIRE)--Mar. 16, 2015-- Sanchez Production Partners LP (NYSE MKT: SPP) today announced that it has engaged Lantana Energy Advisors (“Lantana”) to assist with the possible divestiture of its assets and operations in Oklahoma and Kansas.

The assets considered for sale encompass the partnership’s operations and interests in the Cherokee Basin in Oklahoma and Kansas, the Woodford Shale in the Arkoma Basin in Oklahoma, and the Central Kansas Uplift in Kansas, which covers approximately 207,000 developed and 15,000 undeveloped acres with exclusive rights to lease and develop almost 500,000 additional acres in Osage County, Oklahoma. The assets include the partnership’s interests in 2,337 producing wells, 76% of which are operated. The wells have a net working interest of approximately 85% and provided average net production of 3,449 MBOE per day in December 2014, of which approximately 24% was oil and liquids production. Based on forward prices as of December 31, 2014, the assets show proved reserves of 14,879 MBOE, of which approximately 77% are developed, and probable reserves of 15,751 MBOE.

“As we develop plans for the future of SPP, we look to refocus our efforts on opportunities that are more closely aligned with Sanchez Oil & Gas Corporation’s operational platform,” said Charles C. Ward, Chief Financial Officer & Treasurer of SPP’s general partner. “With other sales announced and underway in and around the areas where we operate our legacy assets, we see a unique opportunity to participate in a process that ultimately leads to basin consolidation. Having worked with Lantana on the successful divestiture of Black Warrior assets in 2013, we are very pleased to once again bring their team in to assist with our evaluation of strategic alternatives related to the possible sale of these assets.”

Packages
Sanchez Production Partners
Kansas and Oklahoma
Sanchez Production Partners - Mid-Continent Cherokee Basin Opportunity
 
Announcements
HOUSTON--(BUSINESS WIRE)--Mar. 16, 2015-- Sanchez Production Partners LP (NYSE MKT: SPP) today announced that it has engaged Lantana Energy Advisors (“Lantana”) to assist with...
 
Client Testimonals
Joseph Castillo
Bold Energy II LLC
"The Lantana Team quickly came up to speed on the technical merits of our Permian Property. They did a great job matching the property to prospective quality buyers. On bid day, we had several good offers to chose from which facilitated a..."
 
David Cox
Storm Peak Energy
"I truly appreciate Lantana's investment in the sale of Storm Peak Energy. The advisory role they played attributed to maximizing the return to our investors and ensured a smooth divestiture from offering to closing. I will certainly use..."
 
Steve Daniels
HighMount Exploration & Production
"Lantana recently represented my company in an producing property sale in the Eagle Ford. Andy, David and Melinda were professional and worked hard to maximize property value with their corporate relationships, advertising techniques and..."