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.
Recommended Reading
Chouest Acquires ROV Company ROVOP to Expand Subsea Capabilities
2024-05-02 - With the acquisition of ROVOP, Chouest will have a fleet of more than 100 ROVs.
SLB, OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor
2024-05-02 - Work is expected to begin immediately on Equinor’s Wisting and Bay Du Nord projects.
SilverBow Makes Horseshoe Lateral in Austin Chalk
2024-05-01 - SilverBow Resources’ 8,900-foot lateral was drilled in Live Oak County at the intersection of South Texas’ oil and condensate phases. It's a first in the Chalk.
Petrobras Sending Nearly Half of Oil Exports to China
2024-04-30 - Conflict in the Middle East has enabled Brazil’s state-owned Petrobras to change the flow of its oil exports, with China being the primary beneficiary, followed by Europe.
Equinor Says EQT Asset Swap Upgrades International Portfolio
2024-04-30 - Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.