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› Sanchez Energy - Midstream Sale Bolsters Liquidity At The Cost Of Raising Its Breakeven Point
Sanchez Energy - Midstream Sale Bolsters Liquidity At The Cost Of Raising Its Breakeven Point
2015-10-02 01:07:21| Paper - Topix.net
Sanchez's sale of its Western Catarina midstream assets gives it $345 million in cash while increasing operating expenses by $36 million per year at 50,000 BOEPD production. It should end up with approximately $250 million in cash at the end of 2016 with $50 oil and $3 natural gas during 2016.
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Category:Materials
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