SANCHEZ ENERGY CORPORATION (OTCMKTS:SNZYP) Files An 8-K Regulation FD Disclosure
Item 7.01.Regulation FD Disclosure.
Sanchez Energy Corporation (NYSE:SN) (theCompany or
Sanchez
Energy) today announced that management will
participate in the Scotia Howard Weil 2017 Energy Conference (the
Conference) in
New Orleans, Louisiana, on March27-29, 2017 during which
management is scheduled to make a presentation on Wednesday,
March29, 2017. For the benefit of all investors, the slide
presentation to be delivered at the Conference is furnished as
Exhibit99.1 to this current report and will be posted on the
Companys website, www.sanchezenergycorp.com, under the section
entitled Investors.
This presentation contains, and our officers and representatives
may from time to time make, forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements, other than
statements of historical facts, included in this presentation
that address activities, events, conditions or developments that
Sanchez Energy expects, estimates, believes or anticipates will
or may occur or exist in the future are forward-looking
statements. These statements are based on certain assumptions
made by the Company based on managements experience, perception
of historical trends and technical analyses, current conditions,
anticipated future developments and other factors believed to be
appropriate and reasonable by management. When used in this
presentation, words such as will, potential, believe, estimate,
intend, expect, may, should, anticipate, could, plan, predict,
project, profile, model, strategy, future or their negatives or
the statements that include these words or other words that
convey the uncertainty of future events or outcomes, are intended
to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. In
particular, statements, express or implied, concerning Sanchez
Energys future operating results and returns, Sanchez Energys
strategy and plans or view of the market, or Sanchez Energys
ability to replace or increase reserves, increase production,
generate income or cash flows, and reduce leverage ratios are
forward-looking statements. Forward-looking statements are not
guarantees of performance. Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are
beyond our control. Although Sanchez Energy believes that the
expectations reflected in its forward-looking statements are
reasonable and are based on reasonable assumptions, no assurance
can be given that these assumptions are accurate or that any of
these expectations will be achieved (in full or at all) or will
prove to have been correct. Important factors that could cause
Sanchez Energys actual results to differ materially from the
expectations reflected in its forward-looking statements include,
among others: Sanchez Energys ability to successfully execute its
business and financial strategies; the timing and extent of
changes in prices for, and demand for, crude oil and condensate,
natural gas liquids, natural gas and related commodities; Sanchez
Energys ability to utilize the services personnel and other
assets of Sanchez Oil Gas Corporation to existing services
agreements; Sanchez Energys ability to replace the reserves it
produces through drilling and property acquisitions; the realized
benefits of Sanchez Energys various acquisitions and the
liabilities assumed in connection with these acquisitions,
including the Comanche asset acquisition (as defined in the slide
presentation); the realized benefits of Sanchez Energys ventures;
the realized benefits of Sanchez Energys transactions with
Sanchez Production Partners LP; the realized
benefits of Sanchez Energys partnership with Blackstone (as
defined in the slide presentation); the extent to which Sanchez
Energys drilling plans are successful in economically
developing its acreage in, and to produce reserves and achieve
anticipated production levels from, its existing and future
projects; the accuracy of reserve estimates, which by their
nature involve the exercise of professional judgment and may
therefore be imprecise; the extent to which Sanchez Energy can
optimize reserve recovery and economically develop its plays
utilizing horizontal and vertical drilling, advanced completion
technologies and hydraulic fracturing; Sanchez Energys ability
to successfully execute its hedging strategy and the resulting
realized prices therefrom; the creditworthiness and performance
of our counterparts including financial institutions, operating
partners and other parties; competition in the oil and gas
exploration and production industry for employees and other
personnel, equipment, materials and services and, related
thereto, the availability and cost of employees and other
personnel, equipment, materials and services; Sanchez Energys
ability to access the credit and capital markets to obtain
financing on terms it deems acceptable, if at all, and to
otherwise satisfy its capital expenditure requirements; the
availability, proximity and capacity of, and costs associated
with, gathering, processing, compression and transportation
facilities; Sanchez Energys ability to compete with other
companies in the oil and natural gas industry; the impact of,
and changes in, government policies, laws and regulations,
including tax laws and regulations, environmental laws and
regulations relating to air emissions, waste disposal,
hydraulic fracturing and access to and use of water, laws and
regulations imposing conditions and restrictions on drilling
and completion operations and laws and regulations with respect
to derivatives and hedging activities; developments in
oil-producing and natural-gas producing countries, the actions
of the Organization of Petroleum Exporting Countries and other
factors affecting the supply of oil and natural gas; Sanchez
Energys ability to effectively integrate acquired crude oil and
natural gas properties into its operations, fully identify
existing and potential problems with respect to such properties
and accurately estimate reserves, production and costs with
respect to such properties; unexpected results of litigation
filed against Sanchez Energy; the extent to which Sanchez
Energys crude oil and natural gas properties operated by others
are operated successfully and economically; the use of
competing energy sources and the development of alternative
energy sources; the extent to which Sanchez Energy incurs
uninsured losses and liabilities or losses and liabilities in
excess of its insurance coverage; and the other factors
described under ITEM 1A, RiskFactors, in Sanchez Energys Annual
Report on Form10-K for the fiscal year ended December31, 2016
and any updates to those factors set forth in its subsequent
Quarterly Reports on Form10-Q or Current Reports on Form8-K.
In light of these risks, uncertainties and assumptions, the
events anticipated by Sanchez Energys forward-looking
statements may not occur, and, if any of such events do,
Sanchez Energy may not have correctly anticipated the timing of
their occurrence or the extent of their impact on its actual
results. Accordingly, you should not place any undue reliance
on any of Sanchez Energys forward-looking statements. Any
forward-looking statement speaks only as of the date on which
such statement is made and Sanchez Energy undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or
otherwise, except as required by applicable law.
In accordance with General Instruction B.2 of Form8-K, the
information in this Item 7.01 (including Exhibit99.1
incorporated herein by reference) is deemed to be furnished and
shall not be deemed filed for the purpose of Section18 of the
Securities Exchange Act of 1934, as amended (the
Exchange
Act), or otherwise subject to the liabilities of
that section, nor shall such information and Exhibitbe deemed
incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the Exchange Act.
Item9.01. Financial Statements and Exhibits.
(d)Exhibits
The following materials are furnished as an exhibit to this
Current Report on Form8-K:
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Exhibits |
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99.1 |
Sanchez Energy Corporation 2017 Scotia Howard Weil Energy |
About SANCHEZ ENERGY CORPORATION (OTCMKTS:SNZYP)
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 (OTCMKTS:SNZYP) Recent Trading Information
SANCHEZ ENERGY CORPORATION (OTCMKTS:SNZYP) closed its last trading session 00.00 at 35.78 with 30,375 shares trading hands.