Alta Mesa Holdings, LP Announces Confidential Submission of Draft Registration Statement to the SEC

HOUSTON, May 26, 2017 -- Alta Mesa Holdings, LP (“Alta Mesa” or the “Company”) announced today that an affiliated corporate entity of the Company previously submitted a confidential draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of shares of its common stock.  The number of shares of common stock to be offered and the price range for the offering have not yet been determined.  The Company expects to use the net proceeds from the proposed offering to repay amounts outstanding under the Company’s senior secured revolving credit facility, with remaining net proceeds used to fund the remaining capital expenditures budget not funded by cash flow from operations. It is expected that Alta Mesa’s 7.875% senior notes due 2024 would remain outstanding following any initial public offering. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.

This announcement is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

Alta Mesa Holdings, LP is a privately held company engaged primarily in onshore oil and natural gas acquisition, exploitation, exploration and production whose focus is to maximize the profitability of our assets in a safe and environmentally sound manner.  We seek to maintain a portfolio of lower risk properties in plays with known resources where we identify a large inventory of lower risk drilling, development, and enhanced recovery and exploitation opportunities. Our core properties are located in Oklahoma and Louisiana. We maximize the profitability of our assets by focusing on sound engineering, enhanced geological techniques including 3-D seismic analysis, and proven drilling, stimulation, completion, and production methods. Alta Mesa Holdings, LP is headquartered in Houston, Texas.

Safe Harbor Statement and Disclaimer
Certain statements in this press release are forward-looking statements. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Company based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. The Company undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. Actual results may differ materially due to a number of factors, including but not limited to, market conditions, our affiliated entity’s ability to complete the potential initial public offering, the clearance by the relevant regulators of the filings of our affiliated entity relating to the proposed initial public offering, and the timing thereof, and the other risks set forth in our and our affiliated entities filings with the SEC.

FOR INFORMATION CONTACT: Lance Weaver (281) 943-5597 [email protected]