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Sanchez Averaging 1,067 BOE/d Eagle Ford Catarina Wells

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Sanchez Averaging 1,067 BOE/d Eagle Ford Catarina Wells

Sanchez Energy Corporation provided an interim financial and operations update.

Tony Sanchez, III, President and Chief Executive Officer of Sanchez Energy, commented: "Given the recent downward movement in oil prices and current equity market environment for the energy industry, it is important to provide an update on the Company's financial position and current operations." 

Summary As reported on September 30, 2014, SN's net debt to pro forma LTM EBITDA was 1.8x which is significantly lower than its most restrictive covenant of 4.0x net debt to LTM EBITDA under its revolving credit facility which is currently not drawn upon. SN has an attractive maturity profile with the recently increased revolver maturing in 2019 and its senior notes, which carry no maintenance covenants, beginning…
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Gulf Coast - South Texas News