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Last $2.26 USD
Change Today -0.03 / -1.31%
Volume 27.2K
As of 8:04 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

sanchez production partners (SPP) Snapshot

Open
$2.25
Previous Close
$2.29
Day High
$2.27
Day Low
$2.17
52 Week High
08/29/14 - $4.23
52 Week Low
01/14/15 - $1.19
Market Cap
66.2M
Average Volume 10 Days
16.1K
EPS TTM
$0.14
Shares Outstanding
28.8M
EX-Date
06/26/09
P/E TM
15.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for SANCHEZ PRODUCTION PARTNERS (SPP)

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sanchez production partners (SPP) Details

Sanchez Production Partners LP focuses on the acquisition, development, and production of oil and natural gas properties, and other integrated assets in the United States. Its proved reserves are located in Gulf Coast in Texas and Louisiana. The company was founded in 2005 and is headquartered in Houston, Texas.

74 Employees
Last Reported Date: 03/5/15
Founded in 2005

sanchez production partners (SPP) Top Compensated Officers

Chief Financial Officer of Sanchez Production...
Total Annual Compensation: $350.5K
Compensation as of Fiscal Year 2013.

sanchez production partners (SPP) Key Developments

Sanchez Production Partners LP Elects Gerald F. Willinger as Interim Chief Executive Officer

On March 27, 2015, the board of directors of Sanchez Production Partners LP elected Gerald F. Willinger as Interim Chief Executive Officer of the company, effective as of April 1, 2015. Mr. Willinger has been a member of the board of directors of the General Partner since March 2, 2015 and the board of managers of the Partnerships predecessor-in-interest since August 2013. Mr. Willinger currently serves as a Director of Sanchez Resources.

Sanchez Production Partners LP Enters into an Amended and Restated, $500 Million Reserve-Based Credit Facility with a Syndicate of Five Lenders

Sanchez Production Partners LP entered into an amended and restated, $500 million reserve-based credit facility with a syndicate of five lenders. The credit facility has an initial borrowing base of $110.0 million, an increase of $40.0 million over SPP’s previous credit facility. The borrowing base is subject to semi-annual redetermination, with the next redetermination scheduled to occur in the fourth quarter 2015. As of March 31, 2015, SPP had $106.0 million in debt outstanding under the credit facility, which matures in March 2020.

Sanchez Production To Divest Assets In Oklahoma And Kansas

Sanchez Production Partners LLC (AMEX:SPP) has engaged Lantana Energy Advisors, a SunTrust Robinson Humphrey Company to assist with the possible divestiture of its assets and operations in Oklahoma and Kansas. The assets considered for sale encompass operations and interests in the Cherokee Basin in Oklahoma and Kansas, the Woodford Shale in the Arkoma Basin in Oklahoma, and the Central Kansas Uplift in Kansas, which covers approximately 207,000 developed and 15,000 undeveloped acres with exclusive rights to lease and develop almost 500,000 additional acres in Osage County, Oklahoma. The assets include interests in 2,337 producing wells, 76% of which are operated.

 

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SPP Competitors

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PostRock Energy Corp $4.16 USD +0.01
PrimeEnergy Corp $54.00 USD -0.405
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Warren Resources Inc $1.05 USD -0.01
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Industry Analysis

SPP

Industry Average

Valuation SPP Industry Range
Price/Earnings 7.1x
Price/Sales 0.9x
Price/Book 0.6x
Price/Cash Flow 2.0x
TEV/Sales 0.2x
 | 

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