Results Driven. Manufacturing Focused. Return-Driven Asset Sale April 2015 www.sanchezenergycorp.com
Overview of SNs March 2015 Asset Sale to SPP Buyer Wholly-owned subsidiary of Sanchez Production Partners LP (SPP) Purchase Price 85.0 million (subject to normal and customary closing adjustments) Consideration Received 83.0 million…
Escalating Working Interest Structure Total consideration of 85.0 million (83.0 million in cash and 2.0 million in equity) received March 31, 2015 (subject to normal and customary closing adjustments) Transaction structured with…
Why This Structure We believe the structure delivers what the upstream MLP market needs, which warrants a premium price Upstream MLPs need low declining assets that require less maintenance capital and generate significantly more…
Provides a Key Funding Source for SNs Growth Return-driven asset sales can help facilitate SNs ability to re-invest funds from structured transactions into potentially higher- returning drilling opportunities Expected to provide a…
Benefits of SNs March 2015 Asset Sale to SPP Enables SN to access capital today, and potentially in the future, through the potential availability of SPP as an alternative financing vehicle -- this is a key competitive advantage for SN…
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