Sanchez Energy Corp. exited bankruptcy as a privately held corporation with a clean balance sheet as well as a new moniker and CEO.

In a late release on June 30, the Houston-based company said following completion of its financial restructuring it will now operate as Mesquite Energy Inc. The company’s ties to the Sanchez name dates back to the founding of Sanchez Oil & Gas Corp. by father and son—A. R. Sanchez Sr. and  A. R. Sanchez Jr.—in 1972.

Additionally, Tony Sanchez III, son of A. R. Sanchez Jr., will no longer be at the helm of the company. He had served as Sanchez Energy’s CEO since its formation.

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