Exploration & Production | Operational Updates | Top Story | Quarterly / Earnings Reports | First Quarter (1Q) Update | IP Rates-30-Day | Initial Production Rates | Financial Results | Capital Markets | Private Equity Activity
Troubled Sabine Talks 1Q Haynesville, Cotton Valley Ops
Print
|
Sabine Oil & Gas Corporation reported its first quarter 2015 financial and operating results. Throughout this release, the results of operations of the Company presented for periods prior to the Forest Oil business combination on December 16, 2014 reflect the results and operations of the Company's accounting predecessor, Sabine Oil & Gas LLC.
Key First Quarter 2015 Results and Events: Increased average daily production by 65% to 305 MMcfe/d, from 185 MMcfe/d during the same period of 2014. Oil production increased by 116% over the same period in 2014 to 10,072 Bbl/d. Oil and natural gas liquids production volumes comprised 51% of revenues and 39% of total production. Adjusted EBITDA was $91.1 million, representing a 17% increase over the same period in 2014. In East Texas, completed…Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in