0001568939-16-000004.txt : 20160817
0001568939-16-000004.hdr.sgml : 20160817
20160817123357
ACCESSION NUMBER: 0001568939-16-000004
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160801
FILED AS OF DATE: 20160817
DATE AS OF CHANGE: 20160817
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Sanchez Production Partners LP
CENTRAL INDEX KEY: 0001362705
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 113742489
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1000 MAIN STREET
STREET 2: SUITE 3000
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: (713) 756-2775
MAIL ADDRESS:
STREET 1: 1000 MAIN STREET
STREET 2: SUITE 3000
CITY: HOUSTON
STATE: TX
ZIP: 77002
FORMER COMPANY:
FORMER CONFORMED NAME: Sanchez Production Partners LLC
DATE OF NAME CHANGE: 20141006
FORMER COMPANY:
FORMER CONFORMED NAME: Constellation Energy Partners LLC
DATE OF NAME CHANGE: 20060808
FORMER COMPANY:
FORMER CONFORMED NAME: Constellation Energy Resources LLC
DATE OF NAME CHANGE: 20060515
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Jampel James M
CENTRAL INDEX KEY: 0001672471
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33147
FILM NUMBER: 161838010
MAIL ADDRESS:
STREET 1: 300 WASHINGTON STREET, SUITE 308
CITY: NEWTON
STATE: MA
ZIP: 02458
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HITE Hedge QP LP
CENTRAL INDEX KEY: 0001617140
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33147
FILM NUMBER: 161838012
BUSINESS ADDRESS:
STREET 1: ONE GATEWAY CENTER, SUITE 308
CITY: NEWTON
STATE: MA
ZIP: 02458
BUSINESS PHONE: 617-431-4360
MAIL ADDRESS:
STREET 1: ONE GATEWAY CENTER, SUITE 308
CITY: NEWTON
STATE: MA
ZIP: 02458
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HITE Hedge LP
CENTRAL INDEX KEY: 0001496278
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33147
FILM NUMBER: 161838014
BUSINESS ADDRESS:
STREET 1: ONE GATEWAY CENTER
STREET 2: SUITE 308
CITY: NEWTON
STATE: MA
ZIP: 02458
BUSINESS PHONE: 617-821-4945
MAIL ADDRESS:
STREET 1: ONE GATEWAY CENTER
STREET 2: SUITE 308
CITY: NEWTON
STATE: MA
ZIP: 02458
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HITE HEDGE OFFSHORE LTD
CENTRAL INDEX KEY: 0001375511
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33147
FILM NUMBER: 161838015
BUSINESS ADDRESS:
STREET 1: C/O WALKERS CORPORATE SERVICES LIMITED
STREET 2: WALKER HOUSE
CITY: GEORGE TOWN, GRAND CAYMAN
STATE: E9
ZIP: KY1-9005
BUSINESS PHONE: 345-945-3727
MAIL ADDRESS:
STREET 1: C/O WALKERS CORPORATE SERVICES LIMITED
STREET 2: WALKER HOUSE
CITY: GEORGE TOWN, GRAND CAYMAN
STATE: E9
ZIP: KY1-9005
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HITE MLP Caymans Ltd.
CENTRAL INDEX KEY: 0001520872
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33147
FILM NUMBER: 161838016
BUSINESS ADDRESS:
STREET 1: 300 WASHINGTON STREET
STREET 2: SUITE 308
CITY: NEWTON
STATE: MA
ZIP: 02458
BUSINESS PHONE: 345-945-3727
MAIL ADDRESS:
STREET 1: C/O WALKERS SPV LIMITED
STREET 2: WALKER HOUSE, 87 MARY STREET
CITY: GEORGE TOWN
STATE: E9
ZIP: KY1-9001
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HITE Hedge Asset Management LLC
CENTRAL INDEX KEY: 0001568939
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33147
FILM NUMBER: 161838017
BUSINESS ADDRESS:
STREET 1: ONE GATEWAY CENTER
STREET 2: SUITE 308
CITY: NEWTON
STATE: MA
ZIP: 02458
BUSINESS PHONE: 203-464-0066
MAIL ADDRESS:
STREET 1: ONE GATEWAY CENTER
STREET 2: SUITE 308
CITY: NEWTON
STATE: MA
ZIP: 02458
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HITE MLP LP
CENTRAL INDEX KEY: 0001519590
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33147
FILM NUMBER: 161838013
BUSINESS ADDRESS:
STREET 1: 300 WASHINGTON STREET
STREET 2: SUITE 308
CITY: NEWTON
STATE: MA
ZIP: 02458
BUSINESS PHONE: 617-431-4360
MAIL ADDRESS:
STREET 1: 300 WASHINGTON STREET
STREET 2: SUITE 308
CITY: NEWTON
STATE: MA
ZIP: 02458
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HITE MLP Advantage LP
CENTRAL INDEX KEY: 0001559404
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33147
FILM NUMBER: 161838011
BUSINESS ADDRESS:
STREET 1: ONE GATEWAY CENTER, SUITE 308
STREET 2: 300 WASHINGTON STREET
CITY: NEWTON
STATE: MA
ZIP: 02458
BUSINESS PHONE: 617-431-4360
MAIL ADDRESS:
STREET 1: ONE GATEWAY CENTER, SUITE 308
STREET 2: 300 WASHINGTON STREET
CITY: NEWTON
STATE: MA
ZIP: 02458
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2016-08-01
0
0001362705
Sanchez Production Partners LP
SPP
0001568939
HITE Hedge Asset Management LLC
ONE GATEWAY CENTER
SUITE 308
NEWTON
MA
02458
0
0
1
0
0001520872
HITE MLP Caymans Ltd.
C/O WALKERS SPV LIMITED
WALKER HOUSE, 87 MARY STREET
GEORGE TOWN
E9
KY1-9001
CAYMAN ISLANDS
0
0
0
1
Indirect Owner
0001375511
HITE HEDGE OFFSHORE LTD
C/O WALKERS CORPORATE SERVICES LIMITED
WALKER HOUSE
GEORGE TOWN, GRAND CAYMAN
E9
KY1-9005
CAYMAN ISLANDS
0
0
0
1
Indirect Owner
0001496278
HITE Hedge LP
ONE GATEWAY CENTER
SUITE 308
NEWTON
MA
02458
0
0
1
0
0001519590
HITE MLP LP
300 WASHINGTON STREET
SUITE 308
NEWTON
MA
02458
0
0
1
0
0001617140
HITE Hedge QP LP
ONE GATEWAY CENTER, SUITE 308
NEWTON
MA
02458
0
0
1
0
0001559404
HITE MLP Advantage LP
ONE GATEWAY CENTER, SUITE 308
300 WASHINGTON STREET
NEWTON
MA
02458
0
0
1
0
0001672471
Jampel James M
300 WASHINGTON STREET, SUITE 308
NEWTON
MA
02458
0
0
0
1
General Partner of Inv.Manager
Sanchez Production Partners
2016-08-09
2016-08-12
4
S
0
3388
10.68
D
551885
D
Sanchez Production Partners
2016-08-11
2016-08-16
4
S
0
10000
10.71
D
541885
D
Cash Settled Equity Swap
0
2016-08-01
2016-08-04
4
S
1
7600
10.5872
D
2016-12-31
2016-12-31
Sanchez Production Partners
7600
135135
I
See Footnotes (1)(2)(3)(4)(5)
Cash Settled Equity Swaps
0
2016-08-02
2016-08-05
4
S
1
2589
10.5773
D
2016-12-31
2016-12-31
Sanchez Production Partners
2589
132546
I
See Footnotes (1)(2)(3)(4)(5)
Cash Settled Equity Swaps
0
2016-08-03
2016-08-08
4
S
1
100
10.53
D
2016-12-31
2016-12-31
Sanchez Production Partners
100
132446
I
See Footnotes (1)(2)(3)(4)(5)
Cash Settled Equity Swap
0
2016-08-04
2016-08-09
4
S
1
900
10.5
D
2016-12-31
2016-12-31
Sanchez Production Partners
900
131546
I
See Footnotes (1)(2)(3)(4)(5)
Cash Settled Equity Swap
0
2016-08-08
2016-08-11
4
S
1
6092
10.8087
D
2016-12-31
2016-12-31
Sanchez Production Partners
6092
121454
I
See Footnotes (1)(2)(3)(4)(5)
Cash Settled Equity Swap
0
2016-08-09
2016-08-12
4
S
1
3300
10.7514
D
2016-12-31
2016-12-31
Sanchez Production Partners
3300
122154
I
See Footnotes (1)(2)(3)(4)(5)
Cash Settled Equity Swap
0
2016-08-10
2016-08-10
4
S
1
1292
10.7
D
2016-12-31
2016-12-31
Sanchez Production Partners
1292
120862
I
see Footnotes (1)(2)(3)(4)(5)
Cash Settled Equity Swap
0
2016-08-11
2016-08-16
4
S
1
10000
10.7051
D
2016-12-31
2016-12-31
Sanchez Production Partners
10000
110862
I
See Footnotes (1)(2)(3)(4)(5)
The securities disclosed in this Form 4 may be deemed indirectly beneficially owned by HITE Hedge Asset Management LLC. The securities are directly held by HITE Hedge LP, HITE MLP LP, HITE Hedge QP, and HITE MLP Advantage LP (collectively, the "HITE Funds"), for which HITE Hedge Asset Management LLC is the investment advisor. Mr. Jampel serves as Managing Member of HITE Hedge Asset Management LLC.
(Continued from footnote 1) Each of HITE Hedge Asset Management LLC and Mr. Jampel may be deemed to be the indirect beneficial owners of such Common Units held by the HITE Funds by virtue of their direct and indirect control of the HITE funds.
(Continued from footnote 2) the reporting Persons are filing this report because each of the Reporting Persons is a member of a Section 13(g) group with HITE Hedge Asset Management LLC as disclosed in a Schedule 13G filed on behalf of the Reporting Persons on April 22, 2016. As of April 22, 2016, the member of this Section 13(g) group collectively owned more than 10% of the Issuer's outstanding Common Units. Each Reporting Person disclaims beneficial ownership of the Common Units reported herein except to the extent of his or its pecuniary interest therein.
The number of Common Units reported herein does not include an additional aggregate 204,474 common units HITE believes the Reporting Persons are entitled to receive pursuant to the terms of the Issuer's Amended and Restated Agreement of Limited Partnership, dated as of August 3, 2015. The Reporting Persons are in discussions with the Issuer about their entitlement to these Common Units.
In addition to the Common Units reported herein, two other funds (HITE Hedge Offshore, Ltd., HITE MLP Caymans Ltd.) for which HITE serves as investment advisor have exposure to 169,000 (110,762 after the sales) through cash-settled equity swaps (the "Equity Swaps") under which its profit will be bad upon ay increase in value in the common units and its loss will be based upon any decrease in the value of the common units over the term of the transactions. The Equity Swaps may only be settled in cash and do not give the Reporting Persons direct or indirect voting, investment or dispositive control over any common units and do not require the counterpart thereto to acquire, hold, vote or dispose of any securities of the Issuer. Accordingly, the Reporting Persons disclaim any beneficial ownership of any common units that may be referenced in the swap contracts or other securities or financial instruments that may be held from time to time by any counterparty to the contracts.
James Conant
2016-08-16