Sanchez Energy $SN Soars 10% After Earnings, Production Boost


Sanchez Midstream reported second quarter 2017 earnings today – from site: As of March 31, 2017, Sanchez Energy owns approximately 16% of our outstanding common units. Since March 2015, we have completed three midstream asset acquisitions and two working interest acquisitions from Sanchez Energy. Pursuant to a right-of-first-offer, Sanchez Energy has agreed to offer us the right to acquire any midstream assets that it desires to sell. However, Sanchez Energy is under no obligation to sell any assets to us or to accept any offer for its assets that we may choose to make.