An undisclosed buyer agreed to acquire the remaining operated Oklahoma production assets of Sanchez Production Partners LP (AMEX:SPP) for $5.5 million during the quarter ended March 31, 2017. The acquisition is subject to normal and customary closing adjustments and is expected to close in the second quarter 2017. As of July 5, 2017, the transaction is expected to close in the third quarter of 2017 and the proceeds from the sale will be used to reduce debt outstanding under the credit facility. An undisclosed buyer completed the acquisition of remaining operated Oklahoma production assets of Sanchez Production Partners LP (AMEX:SPP) on July 17, 2017.