HOUSTON, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE: SN) today announced that it has
engaged Moelis & Company LLC as financial advisor to explore strategic alternatives to strengthen its balance sheet and maximize
the value of the company.
“Throughout this year, the company has been focused on taking critical steps to stabilize its production profile
and reduce the capital intensity of the business. The responsive actions taken by our team are beginning to result in increased
operating margins and cash flow as we head into 2019,” said Tony Sanchez, III, President and Chief Executive Officer of Sanchez
Energy. “However, these operational challenges, combined with volatility in the commodity markets and the company’s leverage, led
the company to review opportunities to improve its financial flexibility for continued success in the future.”
The company and management are evaluating strategic alternatives to help provide the company with financial
stability, but no assurances can be given as to the outcome or timing of the process. The company does not intend to make any
future announcements concerning this process unless and until the company otherwise determines that disclosures are necessary or
appropriate.
ABOUT SANCHEZ ENERGY CORPORATION
Sanchez Energy Corporation (NYSE: SN) is an independent exploration and production company focused on the acquisition and
development of U.S. onshore unconventional oil and natural gas resources, with a current focus on the Eagle Ford Shale in South
Texas. For more information about Sanchez Energy Corporation, please visit our website: www.sanchezenergycorp.com.
COMPANY CONTACT:
Kevin Smith
VP Investor Relations
(281) 925-4828
Cham King
Investor Relations & Capital Markets
(713) 756-2797
General Inquiries: (713) 783-8000
www.sanchezenergycorp.com