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Sanchez Talks Estimated 2016 Capex; Strong Catarina Results
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Sanchez Energy Corporation announced operating and financial results for the second quarter 2015.
Highlights from the report include: Record total production of 4,907 thousand barrels of oil equivalent during the second quarter 2015, up 164% over the second quarter 2014; Average production of 53,923 barrels of oil equivalent per day, which significantly exceeded the high end of the Company's second quarter 2015 production guidance of 42,000 to 46,000 BOE/D; Revenues of $141.1 million ($169.3 million inclusive of hedge settlements), Net loss attributable to common stockholders of $566.9 million and Adjusted EBITDA (a non-GAAP financial measure) of $111.9 million in the second quarter 2015; 2015 capital spending guidance reduced 8% to $550 million to $600 million (as compared to previous…- ✓ Full news archive — U.S., Canada & international coverage
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