Quality Assets. Disciplined Management. Investor Presentation www.sanchezpp.com April 2015
SPP Investment Highlights Integrated through Services Agreements with Sanchez Oil & Gas Corp. (SOG) 12/31/14 Pro Forma: Successful Conversion to MLP Successful oil and gas company with a robust Proved Reserves: 21,036 MBOE With…
SPPs Corporate Transition 2015+ 2015 Identify/Pursue Acquisitions and Other Opportunities; Q1 2015 Identify/Pursue Raise Capital Acquisitions and Other Opportunities Q3 2014 Converted from LLC to GP/LP Q2 2014 Completed…
SPPs Vision Production growth achievable primarily through acquisitions, which may source from: SOGs operational platform and service relationships Growth Joint bid opportunities identified by SOG Rightsized transactions with other…
Eagle Ford Acquisition 6 2015 Sanchez Production Partners LP
Overview Seller Sanchez Energy Corp (SN) Purchase Price 85.0 million (subject to normal and customary closing adjustments) Effective Date January 1, 2015 Closing Date March 31, 2015 Assets 59 wellbores in the Palmetto Field…
Transaction Structure Transaction structured to offset natural production declines, minimize maintenance capital requirements, and maintain more stable cash flows over the life of the asset Escalating working interests levelize…
Transaction Benefits Initiates a business development relationship with SN, a company that has a substantial inventory of producing assets with characteristics favorable to the MLP model Promotes sustainable growth Nonoperated,…
Pro Forma Reserves SPP Legacy Assets SPP Eagle Ford Acquisition Combined Assets 827.8 1,385.4 PDP MBOE 4,516.0 42.5 + 812.7 3,514.0 = 5,343.8 4,899.4 855.2 Oil NGL NG Total: 5,943.9 MBOE Total: 5,154.5 MBOE Total:…
Portfolio Overview Sanchez Production Partners LP SPP Legacy Assets SPP Eagle Ford Acquisition Cherokee Basin operated and nonoperated Closed March 31, 2015 assets were acquired in three separate transactions in 2007 Purchased…
Hedge Program (1) SPP intends to hedge a high percentage of PDP for up to five years SPP hedged a high percentage of acquired production at closing SPPs hedge strategy primarily utilizes swaps and costless collars, as warranted by…
Unique Sponsorship 13 2015 Sanchez Production Partners LP
SOGs Operational Platform Sanchez Oil & Gas Corporation (SOG) provides a robust, full service oil and gas operational platform Experienced Management: senior management team averages over Sanchez Oil & Gas 20 years of industry…
SPPs Growth Potential SOGs Operational Joint Bid RightSized Platform and Service Opportunities Transactions w/Other Relationships Identified By SOG Third Parties SOG provides services to SOG has managed five SPPs rightsized…
SPPs Acquisition Strategy SPPs acquisition strategy is focused on mature oil and gas properties with stable, longlived production, shallow decline rates, and minimal maintenance capital requirements Acquisitions are an important part…
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