SANCHEZ ENERGY CORPORATION (NYSE:SN) Files An 8-K Other Events
Item 8.01. Other Events.
On November21, 2016, Sanchez Energy Corporation (the
Company) issued a
press release announcing that the Board of Directors has declared
a quarterly dividend of $0.609375 per share on its 4.875%
Convertible Perpetual Preferred Stock, SeriesA and $0.812500 per
share on its 6.500% Convertible Perpetual Preferred Stock,
SeriesB (together, the Convertible Perpetual Preferred
Stock). The quarterly dividends on the Convertible
Perpetual Preferred Stock will be payable on January3, 2017 to
holders of record on December15, 2016. The Company has elected to
pay 50% of the dividends on the Convertible Perpetual Preferred
Stock in shares of the Companys common stock, par value $0.01 per
share, to the extent permitted by the certificate of designations
for each series of the Convertible Perpetual Preferred Stock. A
copy of the Companys press release is furnished as Exhibit99.1 to
this Current Report on Form8-K and is incorporated herein by
reference.
Item9.01. Financial Statements and Exhibits.
(d)Exhibits
The following materials are furnished as exhibits to this Current
Report on Form8-K:
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Exhibits |
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99.1 |
Press release, dated November21, 2016, announcing the |
About SANCHEZ ENERGY CORPORATION (NYSE:SN)
Sanchez Energy Corporation is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the onshore United States Gulf Coast. The Company focuses on the Eagle Ford Shale in South Texas and the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana. The Company has accumulated approximately 200,000 net leasehold acres in the oil and condensate, or black oil and volatile oil, windows of the Eagle Ford Shale and approximately 62,000 net leasehold acres of the TMS. In the Eagle Ford Shale, the Company has assembled approximately 200,000 net leasehold acres with an average working interest of approximately 93%. In the TMS, the Company owns approximately 40,000 net undeveloped acres in Southwest Mississippi and Southeast Louisiana. SANCHEZ ENERGY CORPORATION (NYSE:SN) Recent Trading Information
SANCHEZ ENERGY CORPORATION (NYSE:SN) closed its last trading session up +0.58 at 7.72 with 2,123,354 shares trading hands.