Stephens Downgrades Sanchez Energy (SN) to Equal Weight
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Sanchez Energy Announces Second Quarter 2015 Operating and Financial Results; Record Production and Operating Efficiencies Result in Lower Capital Spending
August 10, 2015 4:15 AM EDTHOUSTON, TX -- (Marketwired) -- 08/10/15 -- Sanchez Energy Corporation (NYSE: SN) ("Sanchez Energy", the "Company", "we", "our", or similar terms), today 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 ("MBOE") during the second quarter 2015, up 164% over the second quarter 2014;Average production of 53,923 barrels of oil equivalent per day ("BOE/D"), 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... More