"Our extensive experience over the last two decades as an investor across all segments of the energy sector, access to equity and debt capital on a very large scale and a history of creative, flexible solutions to complex challenges, make Blackstone a uniquely well positioned partner for energy companies seeking to fund their continued growth through the inherent volatility and capital intensive nature of the energy industry," added David Foley, Chief Executive Officer, Blackstone Energy Partners. "Our partnership with Sanchez Energy provides capital for the continued development of this acreage, creating additional jobs for American workers and providing significant benefits to the economy."The transaction is expected to close in the first quarter of 2017. Kirkland & Ellis served as legal advisor and Jefferies & Company, Inc. served as the sole financial advisor to Blackstone. JPMorgan Chase & Co., Citigroup Inc. and Morgan Stanley are providing committed debt financing to back Blackstone's working interest purchase. About Blackstone Energy Partners Blackstone Energy Partners is Blackstone's energy-focused private equity business, with a successful record built on our industry expertise and partnerships with exceptional management teams. Blackstone has invested over $10 billion of private equity globally across a broad range of sectors within the energy industry. Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $360 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone. About Sanchez Energy Corporation Sanchez Energy Corporation (NYSE:SN) is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast, with a current focus on the Eagle Ford Shale in South Texas where they have assembled over 200,000 net acres, and the Tuscaloosa Marine Shale. For more information about Sanchez Energy Corporation, please visit their website: www.sanchezenergycorp.com.