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Sabine Highlights Forest Merger in 4Q; Talks Results
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Sabine Oil & Gas Corporation reported its fourth quarter and full year 2014 financial and operating results.
Key 2014 Results and Events: Closed the business combination of Sabine Oil & Gas LLC and Forest Oil Corporation on December 16, 2014. The results presented in this press release include 15 days of operating data for the combined entity and results for Sabine Oil & Gas LLC on a stand-alone basis prior to the combination. Increased average daily production by 18% to 205 MMcfe/d in 2014, from 175 MMcfe/d in 2013. Excluding the effects of the North Texas property divestiture in late 2013, the average daily production in 2014 increased by 32% compared to the same period in 2013 on a pro forma basis. Oil production increased by 55% to 5,944 Bbl/d over the same period in 2013. Oil and…Finish this article — free account or subscription
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