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Sabine Touts Eagle Ford IP Rates, East TX Production
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Sabine Oil & Gas LLC today reported its unaudited third quarter 2013 financial and operating results.
Key Results: Total production of 184 MMcfe/d represents a 12% increase over the prior quarter and a 48% increase over the third quarter of 2012. Record oil production of 4,161 Bbl/d represents a 26% increase over the prior quarter and a 445% increase over the third quarter of 2012. Oil and natural gas liquids production volumes comprised 57% of revenues and 31% of total production for the quarter. Adjusted EBITDA for the third quarter of 2013 was $81 million, representing a 25% increase over the prior quarter. Subsequent to the end of the third quarter, the borrowing base under our revolving credit facility was increased from $550 million to $675 million, a 23% increase. In the Eagle…- ✓ Full news archive — U.S., Canada & international coverage
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