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Sabine Highlights Forest Oil Deal, Eagle Ford IPs in 1Q
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Sabine Oil & Gas LLC reported its first quarter 2014 financial and operation results.
Key First Quarter Results: Increased average daily production by 32% to 185 MMcfe/d in the first quarter of 2014, from 140 MMcfe/d in the same period of 2013, (excluding the effects of the North Texas property divesture in late 2013, the average daily production in the first quarter of 2014 increased by 58% from 117/MMcfe/d compared to the same period in 2013 on a pro forma basis). Oil production increased by 67% to 4,656 Bbl/d over the same period in 2013. Oil and natural gas liquids (collectively, liquids) production volumes comprised 50% of revenues and 34% of total production. Liquids revenues and production for the quarter increased by 59% and 57%, respectively over the same period in…- ✓ Full news archive — U.S., Canada & international coverage
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