Sanchez Energy Corp.

Declared a quarterly dividend of $0.609375 per share on its 4.875% Convertible Perpetual Preferred Stock, Series A and $0.812500 per share on its 6.5% Convertible Perpetual Preferred Stock, Series B and elected to pay 100% of the dividends on the Convertible Perpetual Preferred Stock in cash to the extent permitted by the certificate of designations for each series of the Convertible Perpetual Preferred Stock.