Sabine Oil Gas Corporation (SOGC) 0.0660 $SOGC
Sabine Oil & Gas Announces Amendment to its Forbearance Agreement to its Second Lien Term Loan Facility
PR Newswire - Thu Jul 09, 7:00AM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company"
today announced that on July 8, 2015, it signed an amendment to its previously announced forbearance agreement with the lenders under its second lien term loan facility. The amended forbearance agreement will provide the Company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the Company's debt and capital structure. Pursuant to the amendment to the forbearance agreement, the lenders under the second lien term loan facility have agreed to forbear from exercising remedies until the earlier of (i) certain events of default under the forbearance agreement or second lien term loan facility, (ii) the acceleration or exercise of remedies by any other lender or creditor, and (iii) the earlier of the termination of the forbearance period under the Company's revolving credit facility and July 15, 2015 (the "Forbearance Period", with respect to the Company's currently existing events of default under the second lien term loan facility. In exchange for agreeing to forbear, the Company has agreed during the Forbearance Period to, among other things, tighten certain covenants under the second lien term loan facility.
Sabine Oil & Gas Announces Amendment to its Forbearance Agreement to its Revolving Credit Facility
PR Newswire - Wed Jul 01, 7:00AM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company" today announced that on June 30, 2015, it signed an amendment to its previously announced forbearance agreement with the lenders under its revolving credit facility. The amended forbearance agreement will provide the Company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the Company's debt and capital structure. Pursuant to the amendment to the forbearance agreement, the lenders under the revolving credit facility have agreed to forbear from exercising remedies until the earlier of (i) certain events of default under the forbearance agreement or revolving credit facility, (ii) the acceleration or exercise of remedies by any other lender or creditor and (iii) July 15, 2015 (the "Forbearance Period", with respect to the Company's currently existing events of default under the revolving credit facility. In exchange for agreeing to forbear, the Company has agreed during the Forbearance Period to (i) further limit its ability to sell assets, (ii) undertake efforts to appoint a chief restructuring officer, (iii) implement procedures to segregate the proceeds of collateral under the revolving credit facility and (iv) pay a forbearance fee equal to $500,000.
Sabine Oil & Gas skips $21M interest payment
Seeking Alpha - at Seeking Alpha - Mon Jun 15, 1:25PM CDT
Sabine Oil & Gas to Continue Creditor Discussions and Announces Decision Not to Make Interest Payment
PR Newswire - Mon Jun 15, 7:00AM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company" today announced that it has elected to exercise its right to a grace period with respect to a $21 million interest payment due on its 7.25% Senior Notes due 2019. The interest payment is due June 15, 2015; however, such grace period permits the Company 30 days to make the interest payment before an event of default occurs.
Lenders to give Sabine Oil & Gas more time
Seeking Alpha - at Seeking Alpha - Fri May 22, 7:55AM CDT
Sabine Oil & Gas Enters into Forbearance Agreement to its Second Lien Term Loan Facility
PR Newswire - Thu May 21, 3:15PM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company" today announced that it has entered into a forbearance agreement with the lenders under its second lien term loan facility. The forbearance agreement will provide the Company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the Company's debt and capital structure. The Company's financial advisors, Lazard, and legal advisors, Kirkland & Ellis LLP, are advising management and the board of directors on strategic alternatives related to its capital structure.
Sabine Oil & Gas Corporation Announces First Quarter 2015 Financial and Operating Results
PR Newswire - Mon May 11, 3:05PM CDT
Sabine Oil & Gas Corporation ("Sabine" or the "Company" (OTCQB: SOGC) today 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.
Sabine Oil & Gas Enters into Forbearance Agreement to its Revolving Credit Facility
PR Newswire - Tue May 05, 3:15PM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company" today announced that it has entered into a forbearance agreement with the lenders under its revolving credit facility. The forbearance agreement will provide the Company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the Company's debt and capital structure. The Company's financial advisors Lazard and legal advisors Kirkland & Ellis LLP are advising management and the board of directors on strategic alternatives related to its capital structure.
Sabine Oil & Gas Announces Redetermination of its Borrowing Base
PR Newswire - Fri May 01, 4:11PM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company" today announced that, effective as of April 27, 2015, the borrowing base under its revolving credit facility has been decreased from $1 billion to $750 million as part of the Company's regularly scheduled semi-annual redetermination by its lenders. The decrease in the borrowing base has resulted in a deficiency of approximately $250 million, which must be repaid in six monthly installments of approximately $41.54 million with the first payment being due at the end of May.
Sabine Oil & Gas to Continue Creditor Discussions During Grace Period for Interest Payment
PR Newswire - Tue Apr 21, 4:00PM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company" today announced that it has elected to exercise its right to a grace period with respect to a $15.313 million interest payment under its Second Lien Credit Agreement. The interest payment is due April 21, 2015; however, such grace period permits the Company 30 days to make the interest payment before an event of default occurs.
How Much Does It Cost To Produce One Barrel Of Oil (Murphy, Newfield, QEP, Sabine, And Sandridge In 2014)?
Christoph Aublinger - at Seeking Alpha - Thu Apr 16, 2:24PM CDT
SD: 0.71 (-0.09), NFX: 35.47 (+0.01), QEP: 16.18 (-0.59), MUR: 40.06 (-0.61)
Sabine Oil & Gas Corporation Announces Fourth Quarter and Full Year 2014 Financial and Operating Results
PR Newswire - Tue Mar 31, 7:00AM CDT
Sabine Oil & Gas Corporation ("Sabine" or the "Company" (OTCQB:SOGC) today reported its fourth quarter and full year 2014 financial and operating results.
Successful Auction by The Oil & Gas Asset Clearinghouse Demonstrates Strong Market Demand
PRWeb - Mon Mar 30, 4:00AM CDT
The most recent auction conducted by The Oil & Gas Asset Clearinghouse ("The Clearinghouse", a leading provider of acquisition and divestiture services for oil and gas properties, monetized assets for selling clients while offering excellent opportunities for buyers. In its live auction earlier this month, The Clearinghouse marketed 950 distinct oil and gas properties, combined into 96 strategic lots ranging from non-producing leasehold interests through mature field working and royalty interests. Sellers included ExxonMobil, Finley Resources, Blanco Company, Unit Petroleum, Sabine Oil & Gas, Cathexis and SM Energy to name just a few.
XOM: 82.22 (+0.62)
Penny Stocks Alerts for Sabine Oil & Gas, HDS International, Integral Technologies, Quicksilver Resources, FLEXPOWER, and Emisphere
PR Newswire - Thu Mar 19, 7:45AM CDT
Pennystocksinsiders.com (PSI) released FREE insider trading reports for US market investors to track the following active stocks and penny stocks: Sabine Oil & Gas (OTCMKTS:SOGC), HDS International (OTCMKTS:HDSI), Integral Technologies (OTCMKTS:ITKG), Quicksilver Resources (OTCMKTS:KWKA), FLEXPOWER (OTCMKTS:FLXP), and Emisphere Technologies (OTCMKTS:EMIS).
Sabine Oil & Gas Announces Delayed Filing Of Form 10-K Hires Advisors To Explore Strategic Alternatives
PR Newswire - Mon Mar 16, 7:00AM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) ("Sabine" announced today that it will not timely file its Annual Report on Form 10-K, but expects to file by March 31, 2015. Sabine does not intend to host a conference call in connection with the release of its fourth quarter and full year 2014 financial and operating results.
Bear of the Day: Devon Energy (DVN) - Bear of the Day
Eric Dutram - Zacks Investment Research - Wed Feb 25, 1:54AM CST
Bear of the Day: Devon Energy (DVN) - Bear of the Day
DVN: 55.85 (-0.09), MPO: 0.80 (unch)
Ultra Petroleum Posts Stellar Q4 Earnings on Better Volumes - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Feb 23, 8:00AM CST
Shares of Ultra Petroleum Corporation (UPL) have gained nearly 9% since its robust fourth-quarter 2014 results reported on Feb 19.
UPL: 10.44 (-0.56), LNG: 65.64 (+1.11), MPO: 0.80 (unch)
WPX Energy's 2015 Capital Plans Prudent on Weak Prices - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 13, 11:10AM CST
WPX Energy (WPX) announced the capital plan for 2015 and revealed some of its 2014 financial metrics.
WPX: 11.22 (-0.18), MPO: 0.80 (unch), APC: 75.71 (-0.37)
Talisman Energy (TLM) Q4 Loss Widens on Price Slide - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 11, 8:12AM CST
Talisman Energy Inc. (TLM) reported fourth-quarter 2014 adjusted loss from continuing operations (excluding non-operating items) of 14 cents per share compared with the Zacks Consensus Estimate of earnings of 2 cents.
TLM: 7.99 (unch), LRE: 7.29 (-0.11), MPO: 0.80 (unch)
Sabine Oil & Gas Announces Amendment to its Forbearance Agreement to its Second Lien Term Loan Facility
PR Newswire - Thu Jul 09, 7:00AM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company"
today announced that on July 8, 2015, it signed an amendment to its previously announced forbearance agreement with the lenders under its second lien term loan facility. The amended forbearance agreement will provide the Company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the Company's debt and capital structure. Pursuant to the amendment to the forbearance agreement, the lenders under the second lien term loan facility have agreed to forbear from exercising remedies until the earlier of (i) certain events of default under the forbearance agreement or second lien term loan facility, (ii) the acceleration or exercise of remedies by any other lender or creditor, and (iii) the earlier of the termination of the forbearance period under the Company's revolving credit facility and July 15, 2015 (the "Forbearance Period", with respect to the Company's currently existing events of default under the second lien term loan facility. In exchange for agreeing to forbear, the Company has agreed during the Forbearance Period to, among other things, tighten certain covenants under the second lien term loan facility. Sabine Oil & Gas Announces Amendment to its Forbearance Agreement to its Revolving Credit Facility
PR Newswire - Wed Jul 01, 7:00AM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company"
today announced that on June 30, 2015, it signed an amendment to its previously announced forbearance agreement with the lenders under its revolving credit facility. The amended forbearance agreement will provide the Company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the Company's debt and capital structure. Pursuant to the amendment to the forbearance agreement, the lenders under the revolving credit facility have agreed to forbear from exercising remedies until the earlier of (i) certain events of default under the forbearance agreement or revolving credit facility, (ii) the acceleration or exercise of remedies by any other lender or creditor and (iii) July 15, 2015 (the "Forbearance Period", with respect to the Company's currently existing events of default under the revolving credit facility. In exchange for agreeing to forbear, the Company has agreed during the Forbearance Period to (i) further limit its ability to sell assets, (ii) undertake efforts to appoint a chief restructuring officer, (iii) implement procedures to segregate the proceeds of collateral under the revolving credit facility and (iv) pay a forbearance fee equal to $500,000. Sabine Oil & Gas skips $21M interest payment
Seeking Alpha - at Seeking Alpha - Mon Jun 15, 1:25PM CDT
Sabine Oil & Gas to Continue Creditor Discussions and Announces Decision Not to Make Interest Payment
PR Newswire - Mon Jun 15, 7:00AM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company"
today announced that it has elected to exercise its right to a grace period with respect to a $21 million interest payment due on its 7.25% Senior Notes due 2019. The interest payment is due June 15, 2015; however, such grace period permits the Company 30 days to make the interest payment before an event of default occurs. Lenders to give Sabine Oil & Gas more time
Seeking Alpha - at Seeking Alpha - Fri May 22, 7:55AM CDT
Sabine Oil & Gas Enters into Forbearance Agreement to its Second Lien Term Loan Facility
PR Newswire - Thu May 21, 3:15PM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company"
today announced that it has entered into a forbearance agreement with the lenders under its second lien term loan facility. The forbearance agreement will provide the Company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the Company's debt and capital structure. The Company's financial advisors, Lazard, and legal advisors, Kirkland & Ellis LLP, are advising management and the board of directors on strategic alternatives related to its capital structure. Sabine Oil & Gas Corporation Announces First Quarter 2015 Financial and Operating Results
PR Newswire - Mon May 11, 3:05PM CDT
Sabine Oil & Gas Corporation ("Sabine" or the "Company"
(OTCQB: SOGC) today 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. Sabine Oil & Gas Enters into Forbearance Agreement to its Revolving Credit Facility
PR Newswire - Tue May 05, 3:15PM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company"
today announced that it has entered into a forbearance agreement with the lenders under its revolving credit facility. The forbearance agreement will provide the Company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the Company's debt and capital structure. The Company's financial advisors Lazard and legal advisors Kirkland & Ellis LLP are advising management and the board of directors on strategic alternatives related to its capital structure. Sabine Oil & Gas Announces Redetermination of its Borrowing Base
PR Newswire - Fri May 01, 4:11PM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company"
today announced that, effective as of April 27, 2015, the borrowing base under its revolving credit facility has been decreased from $1 billion to $750 million as part of the Company's regularly scheduled semi-annual redetermination by its lenders. The decrease in the borrowing base has resulted in a deficiency of approximately $250 million, which must be repaid in six monthly installments of approximately $41.54 million with the first payment being due at the end of May. Sabine Oil & Gas to Continue Creditor Discussions During Grace Period for Interest Payment
PR Newswire - Tue Apr 21, 4:00PM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) (the "Company"
today announced that it has elected to exercise its right to a grace period with respect to a $15.313 million interest payment under its Second Lien Credit Agreement. The interest payment is due April 21, 2015; however, such grace period permits the Company 30 days to make the interest payment before an event of default occurs. How Much Does It Cost To Produce One Barrel Of Oil (Murphy, Newfield, QEP, Sabine, And Sandridge In 2014)?
Christoph Aublinger - at Seeking Alpha - Thu Apr 16, 2:24PM CDT
SD: 0.71 (-0.09), NFX: 35.47 (+0.01), QEP: 16.18 (-0.59), MUR: 40.06 (-0.61)
Sabine Oil & Gas Corporation Announces Fourth Quarter and Full Year 2014 Financial and Operating Results
PR Newswire - Tue Mar 31, 7:00AM CDT
Sabine Oil & Gas Corporation ("Sabine" or the "Company"
(OTCQB:SOGC) today reported its fourth quarter and full year 2014 financial and operating results. Successful Auction by The Oil & Gas Asset Clearinghouse Demonstrates Strong Market Demand
PRWeb - Mon Mar 30, 4:00AM CDT
The most recent auction conducted by The Oil & Gas Asset Clearinghouse ("The Clearinghouse"
, a leading provider of acquisition and divestiture services for oil and gas properties, monetized assets for selling clients while offering excellent opportunities for buyers. In its live auction earlier this month, The Clearinghouse marketed 950 distinct oil and gas properties, combined into 96 strategic lots ranging from non-producing leasehold interests through mature field working and royalty interests. Sellers included ExxonMobil, Finley Resources, Blanco Company, Unit Petroleum, Sabine Oil & Gas, Cathexis and SM Energy to name just a few. XOM: 82.22 (+0.62)
Penny Stocks Alerts for Sabine Oil & Gas, HDS International, Integral Technologies, Quicksilver Resources, FLEXPOWER, and Emisphere
PR Newswire - Thu Mar 19, 7:45AM CDT
Pennystocksinsiders.com (PSI) released FREE insider trading reports for US market investors to track the following active stocks and penny stocks: Sabine Oil & Gas (OTCMKTS:SOGC), HDS International (OTCMKTS:HDSI), Integral Technologies (OTCMKTS:ITKG), Quicksilver Resources (OTCMKTS:KWKA), FLEXPOWER (OTCMKTS:FLXP), and Emisphere Technologies (OTCMKTS:EMIS).
Sabine Oil & Gas Announces Delayed Filing Of Form 10-K Hires Advisors To Explore Strategic Alternatives
PR Newswire - Mon Mar 16, 7:00AM CDT
Sabine Oil & Gas Corporation (OTCQB:SOGC) ("Sabine"
announced today that it will not timely file its Annual Report on Form 10-K, but expects to file by March 31, 2015. Sabine does not intend to host a conference call in connection with the release of its fourth quarter and full year 2014 financial and operating results. Bear of the Day: Devon Energy (DVN) - Bear of the Day
Eric Dutram - Zacks Investment Research - Wed Feb 25, 1:54AM CST
Bear of the Day: Devon Energy (DVN) - Bear of the Day
DVN: 55.85 (-0.09), MPO: 0.80 (unch)
Ultra Petroleum Posts Stellar Q4 Earnings on Better Volumes - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Feb 23, 8:00AM CST
Shares of Ultra Petroleum Corporation (UPL) have gained nearly 9% since its robust fourth-quarter 2014 results reported on Feb 19.
UPL: 10.44 (-0.56), LNG: 65.64 (+1.11), MPO: 0.80 (unch)
WPX Energy's 2015 Capital Plans Prudent on Weak Prices - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Feb 13, 11:10AM CST
WPX Energy (WPX) announced the capital plan for 2015 and revealed some of its 2014 financial metrics.
WPX: 11.22 (-0.18), MPO: 0.80 (unch), APC: 75.71 (-0.37)
Talisman Energy (TLM) Q4 Loss Widens on Price Slide - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Feb 11, 8:12AM CST
Talisman Energy Inc. (TLM) reported fourth-quarter 2014 adjusted loss from continuing operations (excluding non-operating items) of 14 cents per share compared with the Zacks Consensus Estimate of earnings of 2 cents.
TLM: 7.99 (unch), LRE: 7.29 (-0.11), MPO: 0.80 (unch)
