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October 06, 2015 5:11 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Sabine Oil & Gas Corporation

Company Overview

Sabine Oil & Gas Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, and development of oil and natural gas properties onshore in the United States. As of December 31, 2014, the company had interests in approximately 219,200 net acres in East Texas, targeting the Cotton Valley Sand, Haynesville Shale, and Pettet formations; 58,700 net acres in South Texas, prospective for the Eagle Ford Shale formation; and 36,900 net acres in North Texas, targeting the Granite Wash formation. It had proved undeveloped reserves totaled approximately 6 million barrels (MMBbls) of oil and 17 MMBbls of natural gas liquids, as well as 469 billion cubic ...

1415 Louisiana Street

Suite 1600

Houston, TX 77002

United States

Founded in 2006

289 Employees





Key Executives for Sabine Oil & Gas Corporation

Chairman, Chief Executive Officer and President
Age: 56
Total Annual Compensation: $1.0M
Chief Operating Officer and Executive Vice President
Age: 45
Total Annual Compensation: $469.5K
Senior Vice President of Asset Development
Age: 42
Total Annual Compensation: $376.0K
Compensation as of Fiscal Year 2014.

Sabine Oil & Gas Corporation Key Developments

Timothy D. Yang Resigns as Senior Vice President, Land & Legal, General Counsel, Chief Compliance Officer and Secretary of Sabine Oil & Gas Corporation

On July 20, 2015, Timothy D. Yang resigned from his position as senior vice president, land & legal, general counsel, chief compliance officer and secretary of Sabine Oil & Gas Corporation, effective July 24, 2015, to pursue other opportunities. Mr. Yang's resignation did not result from any disagreement with the company regarding any matter related to the company's operations, policies or practices.

Sabine Oil & Gas Corporation will Change its Ticker to SOGCQ from SOGC

Effective July 16, 2015, Sabine Oil & Gas Corporation will change its Pink Sheets LLC stock ticker symbol to SOGCQ from SOGC.

Sabine Oil Reviews Alternatives

David Sambrooks, President and Chief Executive Officer of Sabine Oil & Gas Corporation (OTCPK:SOGC.Q), said, "The actions we are announcing today represent an important step forward in our efforts to strengthen the Company's capital structure. Following a comprehensive review of our alternatives, the Board of Directors and management team determined that this process would produce the best outcome for Sabine and its stakeholders. Undertaking this process provides an orderly path forward to better align the Company's balance sheet with changing market dynamics."

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