Constellation Energy Partners Furthers Relationship with Sanchez Oil & Gas

  Constellation Energy Partners Furthers Relationship with Sanchez Oil & Gas

Business Wire

HOUSTON -- May 8, 2014

Constellation Energy Partners LLC (NYSE MKT: CEP) today reported that it has
entered into a series of agreements with affiliates of Sanchez Oil & Gas
Corporation (the "Services Agreements"). Under the Services Agreements, CEP
anticipates significant integration of technical as well as general and
administrative functions before the end of 2014.

“With the Services Agreements now in place, CEP can continue on the path of
developing what we believe will be a transformative relationship with Sanchez
Oil & Gas,” commented Stephen R. Brunner, President and Chief Executive
Officer of CEP. “We expect that the relationship will provide CEP with
additional asset acquisition opportunities, a means to achieving enhanced deal
flow, and an opportunity to integrate with and directly leverage the skills
and personnel of Sanchez Oil & Gas, a proven operator with an outstanding
technical team and experience that spans across multiple basins in the U.S.”

Additional details concerning the Services Agreements can be found in the
company’s filings with the Securities and Exchange Commission and on the
company’s Web site (http://www.constellationenergypartners.com).

About the Company

Constellation Energy Partners LLC is a limited liability company focused on
the acquisition, development and production of oil and natural gas properties,
as well as related midstream assets.

Forward-Looking Statements

We make statements in this news release that are considered forward-looking
statements within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934. These forward-looking statements are largely based on
our expectations, which reflect estimates and assumptions made by our
management. These estimates and assumptions reflect our best judgment based on
currently known market conditions and other factors. Although we believe such
estimates and assumptions to be reasonable, they are inherently uncertain and
involve a number of risks and uncertainties that are beyond our control. In
addition, management's assumptions about future events may prove to be
inaccurate. Management cautions all readers that the forward-looking
statements contained in this news release are not guarantees of future
performance, and we cannot assure you that such statements will be realized or
the forward-looking events and circumstances will occur. Actual results may
differ materially from those anticipated or implied in the forward-looking
statements due to factors listed in the "Risk Factors" section in our SEC
filings and elsewhere in those filings. All forward-looking statements speak
only as of the date of this news release. We do not intend to publicly update
or revise any forward-looking statements as a result of new information,
future events or otherwise. These cautionary statements qualify all
forward-looking statements attributable to us or persons acting on our behalf.

Contact:

Constellation Energy Partners LLC
Investor Contact:
Charles C. Ward ,877.847.0009
or
General Inquiries: 877.847.0008
www.constellationenergypartners.com
 
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