From The Houston Chronicle After a recovery from the last oil bust, energy bankruptcies are back on the rise in 2019. The number of oil and gas bankruptcy filings through mid-August has nearly equaled the total tally from 2018, and the aggregate debt from 2019 bankruptcy filings of almost $20 billion has already surpassed the roughly $17 billion from a
Sanchez Energy Announces Engagement of Financial Advisor to Explore Strategic Alternatives
Sanchez Energy Corporation (NYSE:SN) announced that Christopher D. Heinson, Senior Vice President and Chief Operating Officer, has resigned in order to assume the role of Chief Executive Officer with another energy company. “Chris’s leadership and industry knowledge have helped transform Sanchez Energy into a leading Eagle Ford operator,” said Tony Sanchez, III, Chief Executive Officer of Sanchez Energy. “We thank
Sanchez Energy Corporation (ticker: SN) reported a net loss of $4.8 million for the first quarter 2018, or $(0.30) per share attributable to common stockholders. The quarter included $24.4 million in non-cash mark-to-market losses related to hedging activities, Sanchez said. Production Sanchez had production of ~7.3 MMBOE, or 80,572 BOEPD in Q1 2018. According to Sanchez, the company’s first quarter
Sanchez Energy Corporation (ticker: SN) released year-end 2017 proved reserves and operating results for the fourth quarter and full year 2017. Highlights Proved reserves increased by 88% during the year to approximately 363 MMBoe, with a reserve replacement ratio of roughly 762% in 2017 Fourth quarter 2017 production of nearly 7.5 MMBoe, or 81,977 BOEPD The company’s production mix during
Sanchez Energy Breakout Notes Tony Sanchez, III., director and CEO of Sanchez Energy Corp., (ticker: SN) presented today at EnerCom’s The Oil & Gas Conference® 22. Sanchez Energy is developing its core acreage in the Eagle Ford shale where it focuses on liquids-rich production. The company’s Eagle Ford development is split between several major portions of the Eagle Ford,
Sanchez Midstream Partners, LP. (ticker: SNMP), previously Sanchez Production Partners—a midstream subsidiary of Sanchez Energy Corporation (ticker: SN)—recently announced the sale of non-core production assets. Sanchez will be selling its Texas production assets to a private buyer for approximately $6.3 million. The sale is expected to close in Q3, 2017. The company also expects to close the sale of its
Legacy Eagle Ford player is kicking production into high gear with 132 DUCs to complete, infill drilling on tap Venturing through the balance of 2017 and into 2018, Sanchez Energy Corporation (ticker: SN) is looking to take advantage of its $2.3 billion March, 2017 acquisition of the Comanche assets in the Eagle Ford basin, wherein it holds 77,500 net acres
Additional 110,000 Acres Leased in the Western Eagle Ford Sanchez Energy Corporation (ticker: SN) announced operating results for 2016, highlighting the following: As previously announced, Sanchez Energy along with Blackstone Energy Partners has signed an agreement to acquire $2.3 billion of properties in the Western Eagle Ford, adding approximately 67 MBoe/d of production, 300 MMBoe of proved reserves, and 155,000 net acres; Additionally, the company has organically
Sanchez Energy and Blackstone Energy Partners form 50/50 venture to acquire Anadarko Comanche assets producing approximately 67,000 BOEPD (33,500 net to Sanchez) Sanchez Energy Corporation (ticker: SN) and funds managed by Blackstone Energy Partners (ticker: BX) have entered a strategic 50/50 partnership and together they have signed a definitive purchase agreement to acquire Anadarko Petroleum Corporation’s (ticker: APC) working interest in approximately 318,000 gross operated
HOUSTON, TX–(Marketwired – May 09, 2016) – Sanchez Energy Corporation (NYSE: SN) announced operating and financial results for the first quarter 2016. Highlights include: Total production of 5.1 million barrels of oil equivalent (“MMBoe”) during the first quarter 2016, up approximately 26% over the first quarter 2015 Average production of approximately 56,500 barrels of oil equivalent per day (“Boe/d”), which
PDC Energy and Sanchez Energy Annual Reports PDC Energy (ticker: PDCE) is a 42,000 BOEPD producer whose operations are primarily focused on the Wattenberg field in Northern Colorado’s DJ basin. PDC wanted to focus its Annual Report message on three key strengths in 2015 that would take the company through 2016—its resilient asset base, experienced management teams and strong balance
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