Sanchez Midstream Partners LP, formerly Sanchez Production Partners LP, focused on the acquisition, development, ownership, and operation of medium and other energy plants. The company operates in two segments: oil and gas exploration and production and a medium-sized company that includes the Katarina collection system. The exploration and production segment researches and produces crude oil and natural gas. The Midstream segment manages the collection, refining and transportation of crude oil, natural gas liquids (NGL) and natural gas. The exploration and manufacturing business includes oil and gas reserves at Eagle’s Ford Shale in southern Texas and other areas in Texas and Louisiana, as well as property in the mid-continent region. The company’s estimated proven reserves are more than 11.6 million barrels of oil equivalent (MMBoe). It has around 1,992 clean production wells.
Sanchez Midstream Partners Receives Notice from NYSE American Regarding Continued Listing Standard
Sanchez Midstream Partners LP snmp stock at https://www.webull.com/quote/amex-snmp announced today that the partnership received a shortage letter from NYSE American LLC on April 3, 2020, which states that the partnership below has operations and/or net losses in the last two of the three business years.
Debt maintenance does not directly affect the list of general partnership entities that continue to trade on the NYSE America, provided the partnership meets other American NYSE standards for further listing. By applicable US NYSE procedures, partnerships must submit plans before May 3, 2020 that notify them of actions taken or to ensure compliance with the list continuation standards no later than October 3, 2021 to restore.
- Sanchez Midstream Partners said it had received a shortage letter from NYSE American that the ongoing calculation standards were being followed.
- American NYSE requires snmp stock to report partner capital of $ 2 million or more if they also report ongoing operating losses and / or net losses in the last two of the three fiscal years.
- The partnership must submit a plan no later than 3 May that lists the actions to be taken to restore compliance with standards to expand the list no later than 3 October.
Sanchez Midstream Partners LP (NYSE American: SNMP) is a growth-oriented publicly-traded limited partnership focused on the acquisition, development, ownership, and operation of midstream and other energy-related assets in North America. The Partnership has ownership stakes in oil and natural gas gathering systems, natural gas pipelines and natural gas processing facilities, all located in the Western Eagle Ford in South Texas. If you want to know more stock information like nasdaq aal, you can visit at https://www.webull.com/quote/nasdaq-aal .