Sanchez Production Partners: Patricio D. Sanchez to Serve as President of the General Partner
March 28 2017 - 2:23PM
Sanchez Production Partners LP (NYSE MKT:SPP) (“SPP” or the
“Partnership”) today reported that the board of directors of the
general partner of SPP has elected Patricio D. Sanchez as President
and Chief Operating Officer of the general partner.
Mr. Sanchez is a member of the board of
directors of the general partner of SPP and was elected Chief
Operating Officer of the general partner in May 2015. Mr.
Sanchez has served as Co-President of Sanchez Oil & Gas
Corporation, a manager of oil and natural gas properties on behalf
of its related companies, since June 2014 and prior to that from
April 2010 to June 2014 as Executive Vice President. Mr.
Sanchez has served as an Executive Vice President of Sanchez Energy
Corporation (NYSE:SN) (“Sanchez Energy”) since November 2016.
Mr. Sanchez has also been the managing member of Santerra Holdings,
LLC, an oil and gas exploration and production company, since
February 2012.
“Pat has been instrumental in the development
and implementation of the Partnership’s midstream strategy,” said
Gerry Willinger, Chief Executive Officer of the general partner of
SPP. “Among his accomplishments, Pat played a key role in the
financing of the Partnership’s October 2015 acquisition of the
Western Catarina Midstream system, a transaction that allowed us to
initiate distributions beginning in the fourth quarter 2015.
I look forward to continuing to work with Pat as we work to realize
value from our midstream assets, which are strategically located in
South Texas and well-positioned to accommodate the growth plans of
Sanchez Energy.”
About the PartnershipSanchez
Production Partners LP (NYSE MKT:SPP) is a publicly-traded limited
partnership focused on the acquisition, development, ownership and
operation of midstream and production assets in North
America. The Partnership owns an oil and natural gas
gathering and processing system located in the Eagle Ford Shale in
Dimmit, Webb and La Salle Counties, Texas. The Partnership
also currently owns producing reserves in the Eagle Ford Shale in
South Texas, the Gulf Coast region of Texas and Louisiana, and
across several basins in Oklahoma and Kansas. The Partnership
previously announced and continues to explore the possible
divestiture of its remaining assets and operations in Oklahoma and
Kansas.Additional InformationAdditional
information about SPP can be found in the Partnership’s documents
on file with the U.S. Securities and Exchange Commission
(www.sec.gov) and in the “Investor Presentation” available on the
Partnership’s website (www.sanchezpp.com).
PARTNERSHIP CONTACT
Charles C. Ward
Chief Financial Officer
Sanchez Production Partners GP LLC
(877) 847-0009
General Inquiries: (877) 847-0008
www.sanchezpp.com