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Last $0.07 USD
Change Today +0.0019 / 2.97%
Volume 429.9K
SOGC On Other Exchanges
Symbol
Exchange
OTC US
Berlin
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

sabine oil & gas corp (SOGC) Snapshot

Open
$0.07
Previous Close
$0.06
Day High
$0.07
Day Low
$0.06
52 Week High
06/2/14 - $2.59
52 Week Low
03/17/15 - $0.04
Market Cap
14.2M
Average Volume 10 Days
574.1K
EPS TTM
$-1.41
Shares Outstanding
215.8M
EX-Date
09/3/91
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SABINE OIL & GAS CORP (SOGC)

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sabine oil & gas corp (SOGC) Details

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 feet of natural gas, for a total of 612 billion cubic feet equivalent. The company was founded in 2006 and is headquartered in Houston, Texas.

289 Employees
Last Reported Date: 03/31/15
Founded in 2006

sabine oil & gas corp (SOGC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.0M
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $469.5K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $387.1K
Senior Vice President of Asset Development
Total Annual Compensation: $376.0K
Compensation as of Fiscal Year 2014.

sabine oil & gas corp (SOGC) Key Developments

Sabine Oil & Gas Corporation Reports Un-Audited Consolidated Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairments for the Fourth Quarter of 2014

Sabine Oil & Gas Corporation reported un-audited consolidated earnings and production results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $108.2 million compared to $109.5 million, net loss before income taxes before income taxes of $322.7 million compared to net income before income taxes before income taxes of $1.3 million, net loss of $357.7 million or $2.70 per diluted share compared to net income of $1.3 million or $0.01 per diluted share and adjusted EBITDA of $81.7 million compared to $92.3 million for the last year. For the year, the company reported total revenue of $464.7 million compared to $355.0 million, net loss before income taxes before income taxes of $291.7 million compared to net income before income taxes before income taxes of $10.6 million, net loss of $326.7 million or $2.67 per diluted share compared to net income of $10.6 million or $0.09 per diluted share, adjusted EBITDA of $330.9 million compared to $296.1 million and net cash provided by operating activities of $209.2 million compared to $217.2 million for the last year. For the quarter, the company reported production of Oil (MBbl) of 672.51 compared to 466.60, NGL (MBbl) of 539.22 compared to 627.93, Natural gas (Bcf) of 12.92 compared to 12.84 for the last year. Production volumes during the fourth quarter of 2014 were 20.2 Bcfe, an increase of 0.8 Bcfe or 4% compared to production of 19.4 Bcfe during the fourth quarter of 2013. The increase in production is primarily due to the Forest Oil business combination and the company's development program. For the year, the company reported production of Oil (MBbl) of 2,169.52 compared to 1,403.62, NGL (MBbl) of 2,120.56 compared to 1,842.47, Natural gas (Bcf) of 49.22 compared to 44.29 for the last year. Production volumes during the year ended December 31, 2014 were 75.0 Bcfe, an increase of 11.2 Bcfe or 18% compared to production of 63.8 Bcfe during the year ended December 31, 2013. The increase in production is primarily due to the Forest Oil business combination and the company's development program. The company reported impairments of $421.4 million in the fourth quarter of 2014 compared to $1.1 million in last year.

Sabine Oil & Gas Corporation Auditor Raises 'Going Concern' Doubt

Sabine Oil & Gas Corporation filed its Annual on Mar 31, 2015 for the period ending Dec 31, 2014. In this report its auditor, Deloitte & Touche LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Sabine Oil & Gas Considers Strategic Alternatives

Sabine Oil & Gas Corporation (OTCPK:SOGC) is exploring the strategic alternatives. Sabine Oil & Gas also retained Lazard and Kirkland & Ellis LLP to advise management and the board of directors in the process.

 

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