Sanchez Energy Corporation – Coronavirus and Crash of Commodity Prices Likely Leaves DIP Lenders Impaired, Failure to File Credible Plan by March 23rd Deadline Leaves Debtors in Breach of DIP Facility

March 23, 2020 – On March 23rd, the Debtors filed an emergency motion requesting a status conference to discuss the impact of the coronavirus pandemic on the Debtors' Plan. Most pressing for the Debtors: a looming deadline of 8pm on March 23rd to file a Plan or else find themselves on the wrong side of…