Sanchez Energy Announces 2018 Capital Budget, Production, and Financial Guidance
SharkNinja, Inc. Ordinary Shares (SN)
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sanchezenergycorp.com
Company Research
Source: GlobeNewswire
HOUSTON, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE:SN) (“Sanchez Energy” or the “Company”) today announced its capital budget, production, and financial guidance for 2018. Highlights include: The Company’s 2018 capital budget calls for total spending of $420 million to $470 million, a reduction of approximately $100 million (at the midpoint) when compared to 2017 capital spending; Based on its capital budget, Sanchez Energy expects full year 2018 production to average between 88,000 barrels of oil equivalent per day (“Boe/d”) and 92,000 Boe/d; Sanchez Energy’s three-year plan is aimed at achieving a sustainable business model, delivering organic production growth while spending within cash flow; Based on its three-year plan, Sanchez Energy projects full year 2019 production between 92,000 Boe/d and 96,000 Boe/d, and 2020 production between 102,000 Boe/d and 108,000 Boe/d, assuming similar levels of capital spending as planned for 2018; Average horizon
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