Operator · Granite Wash, Haynesville Shale & Permian Basin
Sabine Oil & Gas Corp
33 articles mentioning Sabine Oil & Gas Corp · Page 1 of 2
Sabine Oil & Gas Flows 600 Barrels Per Day Vertical Wells From Cotton Valley Sand
While most people these days are focused on Horizontal development, Sabine is developing the East Texas (Rusk County, TX) property vertically. The company flowed two wells recently, the WATKINS SCHOLARSHIP TRUST 2 and ANDERSON-WALLACE GU 4....
Operator Touts Travis Peak Vertical Well; Flows 400 Bopd on Restricted Choke
Sabine Oil & Gas reported one of the best wells from Rusk County, TX in the the last four years. The ANDERSON-WALLACE GU well, located 5 miles SE of Henderson, flowed 390 bopd and 753 Mcf...
Eagle Ford Operator Exits Bankruptcy; Armed With $200 Million
Sabine Oil & Gas Corporation has annouced that it has completed its Chapter 11 re-organization. In conjunction with its emergence from Chapter 11, the Company closed on its new senior secured credit facility, which has commitments...
Bankruptcy Courts Allowing Operators to Rip Up Midstream Contracts
A recent ruling by a federal judge gives E&P companies the ability to wiggle out of pipeline / takeaway deals made prior to the downturn of oil and gas prices.
New Strategy Emerges: Companies Tapping Entire Credit Limit to Survive
As the industry downturn continues to put pressure on E&Ps, a number of companies are tapping out their entire credit limits to stay afloat.
Debt-Loaded Sabine Files for Bankruptcy
Lazard is serving as financial advisor to Sabine, and Kirkland & Ellis LLP is serving as legal counsel.
Sabine Gains Additional Flexibility as it Attempts to Tackle Debt
As previously announced, the Company has retained financial advisors, Lazard, and legal advisors, Kirkland & Ellis LLP, to advise management and the board of directors on strategic alternatives related to its capital structure.
Sabine Grappling with Debt; Amends Forebearance Deal
As previously announced, Sabine has retained financial advisors, Lazard, and legal advisors, Kirkland & Ellis LLP, to advise management and the board of directors on strategic alternatives.
Company Touts 1,200 BOPD Well in the Granite Wash
Horizontal well which IP'd at 1,194 BOPD in Roberts County.
Another Eagle Ford Operator to Default on Debt
Elected to exercise its right to a grace period with respect to a $21 million interest payment due.
Debt-Loaded Sabine Enters into Forbearance Agreement
As previously reported, as of May 8, 2015, the Company had a cash balance of approximately $276.9 million, which provides substantial liquidity to fund its current operations.
Troubled Sabine Talks 1Q Haynesville, Cotton Valley Ops
Production volumes during the first quarter of 2015 were 27.5 Bcfe, an increase of 10.9 Bcfe or 65% compared to production of 16.6 Bcfe during the first quarter of 2014.
Troubled Sabine's Borrowing Base Slashed By $250MM
The borrowing base under its revolving credit facility has been decreased from $1 billion to $750 million.
1050 BOPD Granite Wash Well in Roberts County
Horizontal well which IP'd at 1050 BOPD in Roberts County
East Texas Operator Edging Closer to Debt Default
Last year, the company completed an all-stock merger deal with Forest Oil Corp. The transaction created one of the largest East Texas operators in the industry.
Sabine Highlights Forest Merger in 4Q; Talks Results
The company closed the business combination of Sabine Oil & Gas LLC and Forest Oil Corporation on December 16, 2014.
Prime Eagle Ford Acreage Holder, Operator Seeking Buyer
Sabine announced that it has retained financial advisors for strategic alternatives related to its capital structure.
Today in Completions: 550 Bopd Granite Wash Well
Horizontal well which IP'd at 553 Bopd in Roberts County.
Post Merger, Sabine Announces Stock Ticker Change
In addition, the name change from Forest Oil Corporation to Sabine was completed and effective December 19, 2014.
Sabine Talks Eagle Ford Wells; Texas Ops Update
The company additionally reported success at its well projects targeting the Cotton Valley formation.