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Sanchez Energy Accelerates Eagle Ford Drilling With Equity

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October 1, 2012

Sanchez Energy Corp. (NYSE: SN) recently announced that it has closed the private placement of $150 million of its 4.875% cumulative perpetual convertible preferred stock, series.

Net proceeds from the offering were approximately $144.6 million, including the exercised overallotment option.

Net proceeds are being used to fund the company's capital expenditures, with a focus on accelerating its drilling program across all of its operating areas in the Eagle Ford, and for general corporate purposes. ...

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