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Large Eagle Ford E&P Exploring Strategic Alternatives : Oil Price
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Sanchez Energy Corp. has tapped Moelis & Company LLC as financial advisor to explore strategic alternatives to strengthen its balance sheet and maximize the company's value.
Tony Sanchez, III, President and Chief Executive Officer of Sanchez Energy, said: "Throughout this year, the company has been focused on taking critical steps to stabilize its production profile and reduce the capital intensity of the business. The responsive actions taken by our team are beginning to result in increased operating margins and cash flow as we head into 2019. However, these operational challenges, combined with volatility in the commodity markets and the company's leverage, led the company to review opportunities to improve its financial flexibility for continued success in the future."
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