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			8-K 4-15-15 PIPE
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:18pt;">UNITED STATES </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Washington, D.C. 20549 </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:18pt;">FORM 8-K </font>
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			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:13.5pt;">CURRENT REPORT </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Pursuant to Section&nbsp;13 or 15(d) of the </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Securities Exchange Act of 1934 </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Date of Report</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;"> &nbsp;(</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">Date of earliest event reported</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">)</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">: &nbsp;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">April 15</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">, 201</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">5</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:12pt;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">Sanchez Production</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;"> Partners L</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">P</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:24pt;">&nbsp;</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">(Exact name of registrant as specified in its charter) </font>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Delaware</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">001-33147</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">11-3742489</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">(State or other jurisdiction</font></p>
					<p style="margin:0pt 0pt 0.75pt;text-align:center;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">of incorporation)</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">(Commission</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">File Number)</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">(IRS Employer</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">Identification No.)</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">1000</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;"> Main Street, Suite </font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">30</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">00</font></p>
					<p style="margin:0pt 0pt 0.75pt;text-align:center;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Houston, TX</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">77002</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">(Address of principal executive offices)</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">(Zip Code)</font></p>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Registrant&#x2019;s telephone number, including area code: (</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">713</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">)&nbsp;</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">783</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">-</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">80</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">00 </font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">None</font>
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			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">(Former name or former address, if changed since last report.) </font>
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			<font style="display: inline;font-family:Times New Roman;font-size:4.5pt;">&nbsp;</font>
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		<p style="margin:4.5pt 0pt 0pt;text-indent:24.5pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </font>
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						<font style="display: inline;font-size:10pt;">&#x25FB;</font></p>
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						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </font></p>
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						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </font></p>
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						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </font></p>
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		<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 4pt">
			<font style="display: inline;font-family:Times New Roman;font-size:4.5pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="top" style="width:04.00%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#x25FB;</font></p>
				</td>
				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 6pt">
			<font style="display: inline;font-family:Times New Roman;font-size:6pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt solid #000000 ;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 12pt">
			<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;;font-size: 10pt"><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 1.01 </font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Entry into a Material Definitive Agreement.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-style:italic;font-size:10pt;">Class A Preferred Unit Purchase Agreement</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">A description of the Preferred Unit Purchase Agreement is included in Item 3.02 below and incorporated herein by reference.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-style:italic;font-size:10pt;">Class A Preferred Unit Registration Rights Agreement</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">On April 15, 2015, Sanchez Production Partners LP (the &#x201C;Partnership&#x201D;) entered into a Registration Rights Agreement (the &#x201C;Class A Preferred Registration Rights Agreement&#x201D;) with the Purchasers (defined below in Item 3.02) relating to the registered resale of Common Units of the Partnership issuable upon conversion of the Class A Preferred Units (described below in Item 3.02).&nbsp;&nbsp;Pursuant to the Class A Preferred Registration Rights Agreement, with respect to Common Units issuable upon conversion of the Class A Preferred Units, the Partnership has agreed to (i) prepare and file a registration statement (the &#x201C;Common Unit Registration Statement&#x201D;) under the Securities Act of 1933, as amended (the &#x201C;Securities Act&#x201D;), within 120 days following the closing date and (ii) cause the Common Unit Registration Statement to be declared effective no later than 180 days after the initial filing thereof (the &#x201C;Target Effective Date&#x201D;). </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">If the Common Unit Registration Statement is not declared effective prior to the Target Effective Date, the Partnership will pay liquidated damages to each holder of converted Common Units at the rate of 0.25% of the Liquidated Damages Multiplier (as defined in the Class A Preferred Registration Rights Agreement) per 30 day period, that shall accrue daily, for the first 60 days following such Target Effective Date, increasing by an additional 0.25% of the Liquidated Damages Multiplier per 30 day period, that shall accrue daily, for each subsequent 60 days (i.e., 0.5% for 61-120 days, 0.75% for 121-180 days and 1.0% thereafter), up to a maximum of 1.00% of the Liquidated Damages Multiplier per 30 day period. </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">In certain circumstances, the Purchasers will have piggyback registration rights as described in the Class A Preferred Registration Rights Agreement. </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">The foregoing description of the Class A Preferred Registration Rights Agreement does not purport to be complete and is qualified in its entirety by reference to such document, which is filed as Exhibit 4.1 hereto and incorporated herein by reference.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 3.02</font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Unregistered Sales of Equity Securities.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-style:italic;font-size:10pt;">Issuance of Class A Preferred Units</font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">On April 15, 2015, the Partnership entered into a Class A Preferred Unit Purchase Agreement (the &#x201C;Preferred Unit Purchase Agreement&#x201D;) with the purchasers named on Schedule A thereto (collectively, the &#x201C;Purchasers&#x201D;), pursuant to which the Partnership sold, and the Purchasers purchased, 234,375 of the Partnership&#x2019;s newly created Class A Preferred Units (the &#x201C;Class A Preferred Units&#x201D;) in a privately negotiated transaction (the &#x201C;Private Placement&#x201D;) for an aggregate cash purchase price of $1.60 per Class A Preferred Unit resulting in gross proceeds to the Partnership of $375,000.&nbsp;&nbsp;The Partnership will use the proceeds for general working capital purposes. </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">The issuance of the Class A Preferred Units pursuant to the Preferred Unit Purchase Agreement was made in reliance upon an exemption from the registration requirements of the Securities Act pursuant to Section 4(a)(2) thereof. The Preferred Unit Purchase Agreement contains customary representations and warranties by the Partnership and the Purchasers, and the parties have agreed to indemnify each other for losses resulting from the other party&#x2019;s breach of any representations, warranties or covenants. </font>
		</p>
		<p style="margin:0pt 0pt 0pt 36pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-size:10pt;">The foregoing description of the Preferred Unit Agreement does not purport to be complete and is qualified in its entirety by reference to such document, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Item 9.01&nbsp; </font><font style="display: inline;font-weight:bold;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Financial Statements and Exhibits.</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-style:italic;font-size:10pt;">(d) </font><font style="display: inline;font-style:italic;font-size:10pt;;font-size: 10pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-style:italic;font-size:10pt;">Exhibits.</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;text-align:left;font-family:Times New Roman;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-style:italic;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;punctuation-wrap:hanging;text-align:left;font-family:Times New Roman;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-style:italic;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;punctuation-wrap:hanging;text-align:left;font-family:Times New Roman;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-style:italic;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 9pt">
			<font style="display: inline;font-family:Times New Roman;font-size:9pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="middle" style="width:38.70pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:26.55pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">1</font></p>
				</td>
				<td valign="middle" style="width:402.75pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:38.70pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:26.55pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:402.75pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:38.70pt;padding:0pt;">
					<p style="margin:5pt 0pt;border-bottom:1pt solid #000000 ;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">Exhibit</font><br /><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">Number</font></p>
				</td>
				<td valign="bottom" style="width:26.55pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:402.75pt;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt 0pt 0.75pt;text-align:center;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">Description</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:38.70pt;height:6.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						<font style="display: inline;font-family:Times New Roman;font-size:6pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="middle" style="width:429.30pt;height:6.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:38.70pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">4</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">.1</font></p>
				</td>
				<td valign="bottom" style="width:26.55pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:402.75pt;padding:0pt;">
					<p style="margin:0pt 0pt 6pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Registration Rights Agreement, dated as of </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">April 15</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">, 2015, between Sanchez Production Partners LP</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;"> and the purchasers named therein</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:38.70pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">10.1</font></p>
				</td>
				<td valign="bottom" style="width:26.55pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:402.75pt;padding:0pt;">
					<p style="margin:0pt 0pt 6pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Class A Preferred Unit Purchase Agreement, dated as of April 15, 2015, between Sanchez Production Partners LP and the purchasers named therein</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:38.70pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:26.55pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:402.75pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:38.70pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:26.55pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:402.75pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
		</table></div><hr style="border-bottom-style:solid;width:100%;height:2.25pt; ;color:#999" align="center"></hr>
		<p style="margin:0pt;text-align:center;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">SIGNATURES </font>
		</p>
		<p style="margin:9pt 0pt 0pt;text-indent:24.5pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </font>
		</p>
		<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 9pt">
			<font style="display: inline;font-family:Times New Roman;font-size:9pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="middle" style="width:46.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						<font style="display: inline;font-size:1pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:04.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:02.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:45.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:46.00%;padding:0pt;">
					<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:04.00%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:02.00%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:01.00%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:45.00%;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:214.40pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:03.85pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="top" style="width:17.85pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:03.85pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td colspan="3" valign="top" style="width:228.05pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">SANCHEZ PRODUCTION</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;"> PARTNERS L</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">P</font></p>
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">By: Sanchez Production Partners GP LLC, its general&nbsp;&nbsp;partner</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:214.40pt;height:12.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="middle" style="width:21.70pt;height:12.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:18.30pt;height:12.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td colspan="2" valign="middle" style="width:213.60pt;height:12.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:214.40pt;padding:0pt;">
					<p style="margin:5pt 0pt 5pt 12pt;text-indent: -12pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Date: </font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">April 1</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">5</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">, 2015</font></p>
				</td>
				<td valign="bottom" style="width:03.85pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:17.85pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:03.85pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:14.45pt;padding:0pt;">
					<p style="margin:0pt;text-align:right;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">By:</font></p>
				</td>
				<td valign="bottom" style="width:03.85pt;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:209.75pt;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:5pt 0pt 5pt 12pt;text-indent: -12pt;text-align:center;font-family:Calibri;text-justify:inter-ideograph;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">/s/ Charles C. Ward</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:214.40pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:03.85pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:17.85pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:03.85pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:14.45pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="bottom" style="width:03.85pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;</font></p>
				</td>
				<td valign="top" style="width:209.75pt;padding:0pt;">
					<p style="margin:0pt;text-align:center;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Charles C. Ward</font></p>
					<p style="margin:0pt 0pt 0.75pt;text-align:center;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">Chief Financial Officer</font><font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;"> and Secretary</font></p>
				</td>
			</tr>
		</table></div><hr style="border-bottom-style:solid;width:100%;height:2.25pt; ;color:#999" align="center"></hr>
		<p style="margin:0pt;text-align:center;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:10pt;">EXHIBIT INDEX </font>
		</p>
		<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 9pt">
			<font style="display: inline;font-family:Times New Roman;font-size:9pt;">&nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" align="center" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;">
			<tr>
				<td valign="middle" style="width:32.30pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size: 1pt">
						<font style="display: inline;font-size:1pt;">1</font></p>
				</td>
				<td valign="bottom" style="width:22.45pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:413.25pt;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;">
					<p style="margin:0pt;font-family:Calibri;text-align:justify;text-justify:inter-ideograph;height:1.00pt;overflow:hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:32.30pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 12pt">
						<font style="display: inline;font-family:Times New Roman;font-size:12pt;">&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:22.45pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
				<td valign="middle" style="width:413.25pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="bottom" style="width:32.30pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">Exhibit</font></p>
					<p style="margin:0pt 0pt 0.75pt;border-bottom:1pt solid #000000 ;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">Number</font></p>
				</td>
				<td valign="bottom" style="width:22.45pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:413.25pt;border-bottom:1pt solid #000000 ;padding:0pt;">
					<p style="margin:0pt 0pt 0.75pt;text-align:center;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-weight:bold;font-size:7.5pt;">Description</font></p>
				</td>
			</tr>
			<tr>
				<td valign="middle" style="width:32.30pt;height:6.00pt;padding:0pt;">
					<p style="margin:0pt;line-height:normal;text-align:left;font-family:Calibri;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						<font style="display: inline;font-family:Times New Roman;font-size:6pt;">&nbsp;</font></p>
				</td>
				<td colspan="2" valign="middle" style="width:435.70pt;height:6.00pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:32.30pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">4</font><font style="display: inline;font-family:Times New Roman;font-size:10pt;">.1</font></p>
				</td>
				<td valign="bottom" style="width:22.45pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:413.25pt;padding:0pt;">
					<p style="margin:0pt 0pt 6pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Registration Rights Agreement, dated as of April 15, 2015, between Sanchez Production Partners LP and the purchasers named therein</font></p>
				</td>
			</tr>
			<tr>
				<td valign="top" style="width:32.30pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">10.1</font></p>
				</td>
				<td valign="bottom" style="width:22.45pt;padding:0pt;">
					<p style="margin:0pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 7pt">
						<font style="display: inline;font-family:Times New Roman;font-size:7.5pt;">&nbsp;&nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:413.25pt;padding:0pt;">
					<p style="margin:0pt 0pt 6pt;text-align:left;font-family:Calibri;text-justify:inter-ideograph;font-size: 10pt">
						<font style="display: inline;font-family:Times New Roman;font-size:10pt;">Class A Preferred Unit Purchase Agreement, dated as of April 15, 2015, between Sanchez Production Partners LP and the purchasers named therein</font></p>
				</td>
			</tr>
		</table></div>
		<p style="margin:0pt;line-height:normal;text-align:right;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:right;font-family:Calibri;text-justify:inter-ideograph;font-size: 11pt">
			<font style="display: inline;font-family:Times New Roman;font-weight:bold;">&nbsp;</font>
		</p>
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{"company-data": {"conformed-name": "Sanchez Production Partners LP", "cik": "0001362705", "assigned-sic": "1311", "irs-number": "113742489", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33147", "film-number": "15772375"}, "business-address": {"street1": "1000 MAIN STREET", "street2": "SUITE 3000", "city": "HOUSTON", "state": "TX", "zip": "77002", "phone": "(713) 756-2775"}, "mail-address": {"street1": "1000 MAIN STREET", "street2": "SUITE 3000", "city": "HOUSTON", "state": "TX", "zip": "77002"}, "former-company": [{"former-conformed-name": "Sanchez Production Partners LLC", "date-changed": "20141006"}, {"former-conformed-name": "Constellation Energy Partners LLC", "date-changed": "20060808"}, {"former-conformed-name": "Constellation Energy Resources LLC", "date-changed": "20060515"}]}
8-K 4-15-15 PIPE
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report
(
Date of earliest event reported
)
:
April 15
, 201
5
Sanchez Production
Partners L
P
(Exact name of registrant as specified in its charter)
Delaware
001-33147
11-3742489
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
1000
Main Street, Suite
30
00
Houston, TX
77002
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (
713
)
783
-
80
00
None
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
◻
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
◻
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
◻
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
◻
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement.
Class A Preferred Unit Purchase Agreement
A description of the Preferred Unit Purchase Agreement is included in Item 3.02 below and incorporated herein by reference.
Class A Preferred Unit Registration Rights Agreement
On April 15, 2015, Sanchez Production Partners LP (the "Partnership") entered into a Registration Rights Agreement (the "Class A Preferred Registration Rights Agreement") with the Purchasers (defined below in Item 3.02) relating to the registered resale of Common Units of the Partnership issuable upon conversion of the Class A Preferred Units (described below in Item 3.02).  Pursuant to the Class A Preferred Registration Rights Agreement, with respect to Common Units issuable upon conversion of the Class A Preferred Units, the Partnership has agreed to (i) prepare and file a registration statement (the "Common Unit Registration Statement") under the Securities Act of 1933, as amended (the "Securities Act"), within 120 days following the closing date and (ii) cause the Common Unit Registration Statement to be declared effective no later than 180 days after the initial filing thereof (the "Target Effective Date").
If the Common Unit Registration Statement is not declared effective prior to the Target Effective Date, the Partnership will pay liquidated damages to each holder of converted Common Units at the rate of 0.25% of the Liquidated Damages Multiplier (as defined in the Class A Preferred Registration Rights Agreement) per 30 day period, that shall accrue daily, for the first 60 days following such Target Effective Date, increasing by an additional 0.25% of the Liquidated Damages Multiplier per 30 day period, that shall accrue daily, for each subsequent 60 days (i.e., 0.5% for 61-120 days, 0.75% for 121-180 days and 1.0% thereafter), up to a maximum of 1.00% of the Liquidated Damages Multiplier per 30 day period.
In certain circumstances, the Purchasers will have piggyback registration rights as described in the Class A Preferred Registration Rights Agreement.
The foregoing description of the Class A Preferred Registration Rights Agreement does not purport to be complete and is qualified in its entirety by reference to such document, which is filed as Exhibit 4.1 hereto and incorporated herein by reference.
Item 3.02
Unregistered Sales of Equity Securities.
Issuance of Class A Preferred Units
On April 15, 2015, the Partnership entered into a Class A Preferred Unit Purchase Agreement (the "Preferred Unit Purchase Agreement") with the purchasers named on Schedule A thereto (collectively, the "Purchasers"), pursuant to which the Partnership sold, and the Purchasers purchased, 234,375 of the Partnership's newly created Class A Preferred Units (the "Class A Preferred Units") in a privately negotiated transaction (the "Private Placement") for an aggregate cash purchase price of $1.60 per Class A Preferred Unit resulting in gross proceeds to the Partnership of $375,000.  The Partnership will use the proceeds for general working capital purposes.
The issuance of the Class A Preferred Units pursuant to the Preferred Unit Purchase Agreement was made in reliance upon an exemption from the registration requirements of the Securities Act pursuant to Section 4(a)(2) thereof. The Preferred Unit Purchase Agreement contains customary representations and warranties by the Partnership and the Purchasers, and the parties have agreed to indemnify each other for losses resulting from the other party's breach of any representations, warranties or covenants.
The foregoing description of the Preferred Unit Agreement does not purport to be complete and is qualified in its entirety by reference to such document, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
1
Exhibit
Number
Description
4
.1
Registration Rights Agreement, dated as of
April 15
, 2015, between Sanchez Production Partners LP
and the purchasers named therein
10.1
Class A Preferred Unit Purchase Agreement, dated as of April 15, 2015, between Sanchez Production Partners LP and the purchasers named therein
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SANCHEZ PRODUCTION
PARTNERS L
P
By: Sanchez Production Partners GP LLC, its general  partner
Date:
April 1
5
, 2015
By:
/s/ Charles C. Ward
Charles C. Ward
Chief Financial Officer
and Secretary
EXHIBIT INDEX
1
Exhibit
Number
Description
4
.1
Registration Rights Agreement, dated as of April 15, 2015, between Sanchez Production Partners LP and the purchasers named therein
10.1
Class A Preferred Unit Purchase Agreement, dated as of April 15, 2015, between Sanchez Production Partners LP and the purchasers named therein