Press Release

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Sanchez Energy Corporation Announces Initial Public Offering of Common Stock

HOUSTON , Dec. 2, 2011 /PRNewswire/ -- Sanchez Energy Corporation ("Sanchez") announced today that it has commenced an initial public offering of 10,000,000 shares of its common stock pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the "SEC"). The underwriters will be granted a 30-day option to purchase from Sanchez up to an additional 1,500,000 shares of common stock to cover over-allotments, if any. The common stock will be listed on the New York Stock Exchange and traded under the symbol "SN."

Sanchez was recently formed by affiliates of Sanchez Oil & Gas Corporation and is an independent exploration and production company focused on the exploration, acquisition and development of unconventional oil and natural gas resources, primarily in the Eagle Ford Shale in South Texas .

Johnson Rice & Company L.L.C. and Macquarie Capital ( USA ) Inc. are acting as joint book-running managers.  Simmons & Company International, Canaccord Genuity Inc., Capital One Southcoast, Inc., Cowen and Company, LLC and Stifel, Nicolaus & Company, Incorporated are acting as co-managers for the offering.  This offering of common stock will be made only by means of a prospectus. A written preliminary prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, when available, may be obtained from the offices of:

Johnson Rice & Company L.L.C.


Attn: Corporate Finance Department
639 Loyola Avenue, Suite 2775
New Orleans, Louisiana 70113
Email: liz@jrco.com
Telephone: (504) 584-1231

 

Macquarie Capital ( USA ) Inc.
Attn: Prospectus Department
125 West 55th St, 22nd Floor
New York, New York 10019
Email: us.prospectus@macquarie.com
Telephone: (212) 231-0528

 

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement is available on the SEC's website at http://www.sec.gov/ under "Sanchez Energy Corp". This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

Forward-Looking Statements

This press release includes "forward-looking statements" – that is, statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate," "believe," "intend," "expect," "plan" or "will" or other similar words. These forward-looking statements involve certain risks and uncertainties and ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. For example, our common stock may not ultimately be offered to the public because of general market conditions or otherwise. For further discussion of risks and uncertainties, you should refer to Sanchez's SEC filings. Sanchez undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release, except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Contact:
Sanchez Energy Corporation
Michael G. Long
Senior Vice President and Chief Financial Officer
713-783-8000