SC 13D/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No 4)*

Sanchez Production Partners LP

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(Name of Issuer)

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Common Units

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(Title of Class of Securities)

79971C201

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(CUSIP Number)

Gregg T. Abella

Investment Partners Asset Management, Inc.

10 Station Place

Metuchen, New Jersey 08840

732-205-0391

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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

September 17, 2015

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ].

Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which  would alter disclosures provided in a prior cover page.

The Information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but  shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 79971C201

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1     NAME OF REPORTING PERSON

       Investment Partners Asset Management, Inc.

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2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP         (a) [ ]     (b) [ ]

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3     SEC USE ONLY

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4     SOURCE OF FUNDS  OO

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5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO

       ITEMS 2(d) or 2(e)                   [ ]

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6    CITIZENSHIP OR PLACE OF ORGANIZATION

      Investment Partners Asset Management, Inc. is organized under the laws of Delaware.

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                                  7     SOLE VOTING POWER                                  37,486        

NUMBER OF           ----------------------------------------------------------------------------------------------------------

SHARES                   8     SHARED VOTING POWER                            113,813   

BENEFICIALLY      ----------------------------------------------------------------------------------------------------------      

OWNED BY             9     SOLE DISPOSITIVE POWER                         37,486

EACH                        ---------------------------------------------------------------------------------------------------------- 

REPORTING            10    SHARED DISPOSITIVE POWER                  113,813

PERSON                   

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11    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

151,299

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12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN

       SHARES   [ ]

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13    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

         4.80%

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14    TYPE OF REPORTING PERSON

         IA

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Item 1. Security and Issuer

     This statement relates to the Common Units (“Common Units”) of Sanchez Production Partners LP, which is located at 1000 Main Street, Suite 3000 Houston, Texas 77002.

Item 2. Identity and Background

     The reporting person is Investment Partners Asset Management, Inc., a corporation organized in the State of Delaware that does business as an investment adviser.  Its principal office is located at 10 Station Place, Metuchen, NJ  08840.  During the last five years, the reporting person (i) has not been convicted in a criminal proceeding and (ii) has not been a party to a civil proceeding described in Item 2(e) of Schedule 13D.

Item 3. Source and Amount of Funds or Other Consideration

     The source of all funds used in making purchases was client assets.

Item 4. Purpose of Transaction

     The purpose of the acquisition is investment.  However, from time to time the reporting person intends to make recommendations to the issuer's management and/or board of managers with the goal of enhancing unitholder  value and the income-paying capacity of the Common Units generally, through operational efficiencies, corporate finance strategies, cost containment, and corporate governance initiatives.  The reporting person may also recommend strategic initiatives, such as capital structure and balance sheet restructurings or a sale, merger, acquisition, or other transaction.  The reporting person may seek representation on the issuer’s board, the removal of anti-takeover mechanisms, the rescission of executives’ golden parachutes, and exploration of a near-term financing, merger, or sale of the issuer or similar transaction.

     The reporting person on September 17, 2015, sent a further letter to the board of managers of the issuer, (attached hereto as an exhibit), stating that it should consider a number of strategic initiatives that it believes could potentially strengthen the issuer’s financial condition and position it to resume distributions.  The reporting person also indicated that it may soon contact investment bankers, financial professionals, consultants, or other energy-industry specialists, asking them to propose strategies to unlock value for common unitholders and/or reinstate distributions.  Some of those tactics may include, among other things, arranging for alternative methods of financing, suggesting cost-cutting methods, merging the issuer, or even seeking to acquire the entire company.  Should such proposals emerge, it is expected that any such professionals, consultants, or specialists will contact the issuer directly and not include the reporting person in the discussions.

Item 5. Interest in Securities of the Issuer

a)   The reporting person believes that the number of Common Units that are outstanding is approximately 3,149,551  as of August 13, 2015 (subject to finalization of reverse-split rounding) based on information provided in the issuer’s most recent quarterly report on Form 10-Q.  As of September 17, 2015, the reporting person may have been deemed the beneficial owner of 151,299 Common Units, or approximately 4.80% of the total number of Common Units outstanding.

b)   The reporting person has sole power to vote and sole dispositive power for 37,486 Common Units, or approximately 1.2% of the total number of Common Units outstanding.

     The reporting person has shared voting power and shared dispositive power for 113,813 Common Units, approximately 3.6% of the total number of Common Units outstanding.

c)   Clients of the reporting person have made the following purchases and sales of shares of the issuer within the past 60 days.  Each such transaction was effected by Investment Partners Asset Management, Inc., on behalf of its clients, or its clients themselves.  The listed transactions include certain sales which may have been made for tax or liquidity purposes among other things.

Type of Transaction	Date of Transaction	Number of Common Units	Price Per Common Unit	Where and How Effected
Purchase	09/14/2015	500	$4.65	Open market
Purchase	09/10/2015	500	$5.65	Open market
Purchase	09/02/2015	500	$6.60	Open market
Purchase	08/27/2015	1000	$4.65	Open Market
Purchase	08/26/2015	200	$4.75	Open market
Purchase	08/20/2015	200	$5.63	Open Market
Purchase	08/19/2015	800	$5.71	Open Market
Purchase	08/18/2015	2,750	$6.09	Open Market
Purchase	08/14/2015	7500	$7.22	Open Market
Sale	08/11/2015	2500	$7.52	Open Market
Purchase	08/07/2015	1500	$7.50	Open Market
Sale	08/06/2015	350	$8.00	Open Market
Purchase	07/17/2015	46	$16.00	Open Market

d) Clients of the reporting person are entitled to receive all dividends, distributions and proceeds of sale.

e) Not applicable.

Item 6.    Contracts, Arrangements, Understandings, or Relationships with Respect to Securities of the Issuer

     None

Item 7.    Material to be Filed as Exhibits

     Letter to the Board of Managers of Sanchez Production Partners LP, dated September 17, 2015.

SIGNATURES

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Statement is true, complete and correct.

Date:  September 17, 2015

Investment Partners Asset Management, Inc.

By: /s/Gregg T. Abella                                                    

Name:  Gregg T. Abella

Title: Officer

EX-99.1

    INVESTMENT PARTNERS ASSET MANAGEMENT

  10 Station Place, Metuchen NJ  08840 Tel: 732-205-0391 Fax: 732-205-0395

September 17, 2015

Board of Managers

Sanchez Production Partners LP

1000 Main Street, Suite 3000

Houston, Texas 77002

Attention: Corporate Secretary

Re:          Request for Conference Call with Board of Sanchez Production Partners LP

(SPP or The Partnership)

Dear Sirs,

We hereby request a conference call in the immediate future with SPP’s Board of Managers.  It has been more than two years since Sanchez Energy (SN) became involved with Sanchez Production Partners (formerly Constellation Energy Partners).  While outside investors expected that having an active sponsor could lead to an increase in market value and a resumption of cash distributions, unfortunately, for a variety of reasons, the opposite has occurred.  It should be noted, however, that for its part, Sanchez Energy and its affiliates have benefited at least to some degree from the relationship with the partnership in that they have received fees under a service agreement and sold properties to SPP in exchange for cash and partnership interests.  Most recently, for example, in March 2015, the partnership utilized the majority of the spare capacity authorized under its credit facility to purchase from SN the production from 59 wellbores in the Eagleford - which apparently won’t ramp up to a majority working interest until 2019. Total consideration paid by SPP in this transaction was approximately $85 million.  (As we sit here today, though, not even six months later, SPP has a market value of only roughly $13 million.)

We understand from the Q2 earnings call last month that SPP is attempting to raise capital to acquire midstream assets, which you view as a key step in creating value and resuming distributions.  Specifically, on that call, management commented to the effect that the partnership would attempt to conduct this raise at a significant premium to the current market price (a goal of $20.00 per partnership interest was discussed) in order pay out a 10% cash yield at the so-called minimum quarterly distribution of $0.50/quarter/partnership interest.  We whole-heartedly applaud this effort, but believe that SPP’s board (and SN) should also evaluate additional measures to restore confidence in SPP.   Therefore we ask that you consider taking the following steps:

1) If you are unable to raise the institutional round of financing at the valuation you anticipate, consider an asset swap with SN and its affiliates.  Specifically, SPP should contemplate trading its legacy assets, associated hedge book, drop downs, and debt to SN and affiliates in exchange for midstream and/or pipeline systems owned by SN and/or affiliates.  This swap would be based on the assumption that the $20mm EBITDA run rate currently generated by SPP with its existing mix of assets would be replaced by at least $20mm EBITDA from the midstream assets.  Assuming the new SPP would then have $2.00/share or more of distribution capacity, and would be debt free, we believe it could then be positioned for future capital raises to finance growth on more attractive terms.  On the other side of the transaction, SN and its affiliates would take

back approximately 4,400 boe/d production for around $30,000 per flowing barrel as well as reserves of roughly 20mm boe resulting in a $6.00 finding cost.

2) If unable to perform the asset swap discussed above, significantly revise the terms of the March 2015 purchase of Eagleford assets to make the arrangement more favorable economically to SPP.  This could include, but not be limited to, a material timeframe acceleration and substantial increase in working interest attributable to the partnership.

3) Issue a public statement from SN and its affiliates that they intend to support SPP and, if necessary, serve as guarantors of the partnership’s debt unless and until the contemplated institutional round of financing can be raised, and minimum quarterly distributions resumed.

4) Communicate publicly that SN and its affiliates intend to make a leadership investment in the anticipated institutional round at the anticipated $20.00-per-partnership-interest level discussed on the recent earnings call.

5) Publicly communicate a specific plan of operational and administrative cost reduction with a rigid timetable and milestones.

6) Add a board member to represent the interests of outside minority investors.  We have a number of candidates for your consideration in this regard.

7) If you are unable to return SPP to paying distributions at the minimum quarterly distribution rate of $0.50 by year-end 2015, consider merging the partnership into a different sponsor’s viable, cash-distributing master limited partnership.

Additionally, we may soon contact investment bankers, consultants, purchasers of energy assets, potential board members, or other individuals, asking them to propose strategies to restore distributions and/or otherwise unlock value for investors.  Some of those strategies may include, among other things, arranging for alternative methods of financing, merging SPP, or even making a tender offer for the entire partnership.  Should such proposals emerge, it is expected that any such professionals, consultants, or specialists would contact SPP directly and not involve individuals from our firm in the discussions.

I hope you agree that it’s in everyone’s interest for SPP to be a financially-sound, cash-distributing entity.  We believe there are still many options available to the partnership, but also assert that action needs to be taken immediately to establish credibility.  In light of SPP’s long-term market performance and continued status as a non-distributing master limited partnership, as fiduciaries with a duty of care and an undivided loyalty to all partners, you must consider and pursue all strategies which can unlock value and cashflow for investors.

We look forward to our upcoming call with you.

Regards,

/s/ Gregg Abella
Gregg Abella