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Sanchez Energy Corp (SN)

SN on New York Consolidated

12.98USD
19 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Sanchez Production Partners says agreements to acquire assets in South Texas
Thursday, 6 Oct 2016 04:30pm EDT 

Sanchez Production Partners LP - : Sanchez Production Partners executes agreements to acquire midstream and other assets in south texas . Will acquire Sanchez Energy's 50% interest in Carnero Processing, LLC for an initial payment of approximately $47.7 million in cash . Will acquire certain production assets, located in south texas, from sanchez energy for total consideration of $27 million . Sanchez Production Partners executes agreements to acquire midstream and other assets in South Texas . Assumption by SPP of some capital commitments to Carnero Processing, which are estimated at about $32.3 million . Anticipate deals will increase Co's midstream, production revenue and adjusted EBITDA as Co completes 2016 and heads into 2017 .Sanchez Energy plans to spend approximately two-thirds of its 2016 drilling and completion budget at Catarina.  Full Article

Sanchez Energy Q2 loss per share $3.20
Monday, 8 Aug 2016 06:45am EDT 

Sanchez Energy Corp : Sanchez Energy announces second quarter 2016 operating and financial results . Plans to increase its 2016 upstream capital spending by up to $50 million, to a range of between $250 million to $300 million . Sanchez Energy Corp qtrly average production of approximately 55,900 barrels of oil equivalent per day . At updated level of upstream capital spending, anticipate that company will be able to maintain "relatively flat production in 2016" . Company expects capital expenditures totaling approximately $45 million during remainder of 2016 and early 2017 . Total production of 5.1 million barrels of oil equivalent during q2 2016, up approximately 4% over q2 2015 . Qtrly total revenue $111 million versus $141.1 million .Q2 revenue view $126.5 million -- Thomson Reuters I/B/E/S.  Full Article

Sanchez Energy announces Q2 2016 operating results
Tuesday, 19 Jul 2016 06:50am EDT 

Sanchez Energy Corp : Sanchez Energy announces Q2 2016 operating results . Q2 2016 production was approximately 5.1 million barrels of oil equivalent .Says average cost per well was $3.3 mln during Q2 2016, with results of some wells coming in below $3 mln during quarter.  Full Article

Sanchez Production Partners reports Q1 revenue $23.2 million
Monday, 16 May 2016 07:00am EDT 

Sanchez Production Partners LP : Says estimates that 2016 adjusted EBITDA will range from $54 million to $60 million . Sees distributable cash flow of $13.5 million to $19.5 million in 2016 .Q1 revenue $23.2 million.  Full Article

Sanchez Energy reports qtrly net loss per common share of $1.20
Monday, 9 May 2016 07:00am EDT 

Sanchez Energy Corp : Total production of 5.1 million barrels of oil equivalent during q1 2016, up approximately 26% over q1 2015 . Qtrly net loss per common share $1.20 . Qtrly total revenues $79.8 million versus $110.6 million last year . Q1 earnings per share view $-0.12, revenue view $123.8 million -- Thomson Reuters I/B/E/S . Reiterate 2016 upstream capital spending guidance of $200 million to $250 million .Sanchez energy announces first quarter 2016 operating and financial results.  Full Article

Sanchez Energy names Garrick Hill interim co-chief financial officer
Monday, 7 Mar 2016 06:00pm EST 

Sanchez Energy Corp:Announces departure of the company's chief financial officer, Gleeson Van Riet, and names Garrick Hill interim co-chief financial officer.Has retained Spencer Stuart to assist in the process of searching for a new permanent chief financial officer.  Full Article

Sanchez Energy Corp gives Q4 2015 production guidance
Monday, 9 Nov 2015 06:30am EST 

Sanchez Energy Corp:Sees Q4 2015 production guidance of 48,000 to 52,000 boe/d.  Full Article

Sanchez Energy Corp enters into midstream joint venture in south Texas
Monday, 5 Oct 2015 07:00am EDT 

Sanchez Energy Corp:Enters into a midstream joint venture in south Texas to construct a gas processing plant and takeaway pipeline.Says Sanchez Energy intends to invest approximately $115 million.Processing plant is expected to have initial capacity of 200 million cubic feet per day with ability to increase to 260 mmcf/d.Says Sanchez Energy intends to receive a 50% ownership interest in the plant.Jv agreements with Targa Resources to construct new cryogenic natural gas processing plant and gathering pipelines in Eagle Ford shale.Natural gas processing plant, gathering pipelines to be designed, built, operated by Targa; plant to be operational by early 2017.Sanchez Energy has firm capacity for 125,000 mcf/d of plant processing and associated pipeline capacity for first five years.  Full Article

Sanchez Energy Corp appoints Eduardo Sanchez as president
Friday, 2 Oct 2015 07:00am EDT 

Sanchez Energy Corp:Appoints Eduardo Sanchez as President of Sanchez Energy effective Oct. 1.  Full Article

Sanchez Energy Corp Enhances Liquidity With $345 Million Midstream Asset Sale
Monday, 28 Sep 2015 07:00am EDT 

Sanchez Energy Corp:Has executed an agreement with Sanchez production partners lp.To divest, and spp will acquire, some pipeline, gathering and compression assets in Eagle Ford shale in south Texas.Deal for cash consideration of approximately $345 million.As a result of the sale of midstream assets, pro forma liquidity will increase to approximately $918 million.To sell about 150 miles of midstream gathering lines,some midstream infrastructure concentrated in 4 gathering,processing facilities.Third quarter 2015 average production will likely meet or exceed the high end of the previous guidance range.Now expects loe to be in the range of $9.75 to $10.75 per boe for the fourth quarter of 2015 and in 2016.  Full Article

Deals of the day-Mergers and acquisitions

Jan 13 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday: