Sanchez Oil & Gas Corporation (“SOG”) is a private company engaged in the management of oil and natural gas properties on behalf of its related companies. Headquartered in Houston, Texas, SOG’s major areas of activity have historically been in the onshore Gulf Coast, Mid-Continent and Rocky Mountain regions. Since 1972, SOG and its related companies have participated in and managed the drilling of over 1,000 wells, investing a substantial amount of capital in well costs, seismic and acreage.
SOG has approximately 250 full-time employees and numerous contract professionals. These individuals are experienced energy professionals with expertise in land administration, drilling (conventional and unconventional resources), completion, production, geosciences and administration. SOG is the operating company for several related companies and, pursuant to services agreements with these entities, provides them with employees and expertise to enable them to develop their assets efficiently and effectively manage their acreage positions.
Sanchez Energy Corporation (“SN”) is an independent exploration and production company focused on the exploration, acquisition and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast, with a current focus on the Eagle Ford Shale in South Texas. SN acquired the unconventional assets of Sanchez Energy Partners I, LP (“SEP I”) in exchange for cash and stock when SN completed its IPO on the NYSE on December 19, 2011. SEP I subsequently sold or distributed all of its SN shares and no longer holds an interest in SN. In connection with its IPO, SN entered into a services agreement and other related agreements with SOG, pursuant to which SOG (directly or through its subsidiaries) agreed to provide SN with the services and data that SN believes are necessary to manage, operate and grow its business.
For further details, please click here to go to SN’s website.
For further details, please click here to go to SNMP’s website.