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Sanchez Production Plans Sale of MidCont Assets; Talks 2015 Deals

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Sanchez Production Plans Sale of MidCont Assets; Talks 2015 Deals

Sanchez Production Partners LP reported fourth quarter and full year 2015 results.

2016 Forecast The Partnership's base case forecast excludes contribution of the Mid-Continent assets, which have been targeted for divestiture. 2015 Divestitures: the Partnership successfully closed and financed two transactions valued at approximately $430 million, including the acquisition of the Western Catarina midstream assets from Sanchez Energy Corporation for approximately $345 million, which closed in October 2015

In conjunction with reporting fourth quarter and full year 2015 results, the Partnership updated its 2016 forecast, originally published Nov. 12, 2015, to reflect current assumptions, market conditions, and commodity pricing.

Based on hedges in place and forward prices as of Dec. 31…

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