Sanchez Production Partners LP (NYSE MKT: SPP) is planning a name change to reflect its strategy and focus on midstream activities, the Houston-based company said May 26.
After market hours on June 2, the company's name will change to Sanchez Midstream Partners LP. The company said it also expects to begin trading under its new ticker symbol "SNMP" effective at the open of the NYSE MKT on June 5.
Sanchez Production Partners is owned by affiliates of Sanchez Energy Corp. (NYSE: SN). The company owns an oil and natural gas gathering and processing system located in the Eagle Ford Shale, as well as producing reserves across several basins in Texas, Louisiana, Oklahoma and Kansas, according to the company release.
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