HOUSTON, Jan. 31, 2017 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE:SN), announced today the pricing of an underwritten public offering of 10,000,000 shares of the Company's common stock at a price of $12.50 per share for total gross proceeds (before underwriting discounts and estimated offering expenses) of $125 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock. The offering is expected to settle or close on February 6, 2017, subject to customary closing conditions. The Company intends to use the net proceeds from this offering for general corporate purposes, including working capital.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The offering is being made pursuant to an effective registration statement on Form S-3 previously filed by the Company with the Securities and Exchange Commission

ABOUT SANCHEZ ENERGY CORPORATION
Sanchez Energy Corporation (NYSE:SN) is an independent exploration and production company focused on the acquisition and development of U.S. onshore unconventional oil and natural gas resources, with a current focus on the Eagle Ford Shale in South Texas where we have assembled over 275,000 net acres. For more information about Sanchez Energy Corporation, please visit our website: www.sanchezenergycorp.com.