New York, September 28, 2015 -- Moody's Investors Service commented that Sanchez Energy Corporation's (Sanchez, B2 stable) announcement that it will sell its midstream assets in Western Catarina to Sanchez Production Partners, LP (SPP, unrated) is credit positive. Sanchez is expected to receive net cash proceeds of approximately $345 million. The deal enhances its liquidity profile in a period of weak commodity prices, increasing cash balances to above $600 million and supporting its ability to meet its production targets with internal cash flow in 2016. The transaction is expected to close in October 2015. Sanchez is not directly related to SPP which is a publicly-traded MLP, however, both share a common owner.

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