Saturday, December 21, 2024

Sanchez Energy Reinforced by “Significant” Increase in Borrowing Base

Sanchez Energy Corporation (ticker: SN), a rapidly expanding E&P targeting the Eagle Ford Shale, announced an increase of $287.5 million to its borrowing base in a press release on November 20, 2014. Per the terms of the commitment, SN has an available borrowing base of $650 million (up from its initial base of $362.5 million) with an elected commitment of $300