Constellation Energy Partners LLC (CEP)

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Constellation Energy Partners Furthers Relationship with Sanchez Oil & Gas
HOUSTON--(BUSINESS WIRE)--May 8, 2014-- Constellation Energy Partners LLC (NYSE MKT: CEP) today reported that it has entered into a series of agreements with affiliates of Sanchez Oil & Gas Corporation (the "Services Agreements"). Under the Services Agreements, CEP anticipates significant integration of technical as well as general and administrative functions before the end of 2014.

“With the Services Agreements now in place, CEP can continue on the path of developing what we believe will be a transformative relationship with Sanchez Oil & Gas,” commented Stephen R. Brunner, President and Chief Executive Officer of CEP. “We expect that the relationship will provide CEP with additional asset acquisition opportunities, a means to achieving enhanced deal flow, and an opportunity to integrate with and directly leverage the skills and personnel of Sanchez Oil & Gas, a proven operator with an outstanding technical team and experience that spans across multiple basins in the U.S.”

Additional details concerning the Services Agreements can be found in the company’s filings with the Securities and Exchange Commission and on the company’s Web site (http://www.constellationenergypartners.com).