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Sanchez Energy Details 2014 Capex Plan, Guidance

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January 15, 2014

Sanchez Energy Corp. (NYSE: SN) detailed its 2014 capex plan and summarized its capex guidance Jan. 15. The capex plan allocates nearly all monies to drilling and completing about 70 net wells in the Eagle Ford, the company said. The capex has $650 to $700 million. The remaining monies will go to facilities, leasing and seismic after drilling and completions, the company added.

This year’s capex plan is funded by internal cash flow and some credit facility borrowing, Sanchez said.

Sanchez Energy’s estimated production rate for the year ranges between ...

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