Sanchez Energy holds more than 4,000 drilling locations on 356,000 net acres in the Eagle Ford.
One of Sanchez Energy’s (SN) key strategic initiatives in 2017 was the Comanche acquisition from Anadarko Petroleum (APC). The acquired properties included 318,000 gross operated acres with production of 67,000 barrels of oil equivalent.
Sanchez Energy’s management noted in the 2Q17 earnings release that since it closed the Comanche transaction on March 1, 2017, it was able to utilize its completion methods on the newly acquired acreage.
According to SN’s 10-K filing, the discounted value of its reserve base at the end of 2016 was ~$513.4 million.
In a September 2017 presentation, Sanchez Energy (SN) noted that it had the lowest drilling and completion cost compared to its peers, based on its 2016 results.
On August 9, 2017, Sanchez Energy’s (SN) hedge position consisted of 21,522 barrels of oil per day and 161,818 million British thermal units of natural gas per day.
Sanchez Energy’s (SN) production volumes in 2Q17 totaled 73.3 Mboepd (thousand barrels of oil equivalent per day). In comparison, its 2Q16 production volumes were 55.9 Mboepd.
With revenue growth of 6.8%, Lowe’s (LOW) outperformed Home Depot. In 2Q17, Lowe’s posted revenue of $19.5 billion—compared to 18.3% in 2Q16.
There are many varieties of valuation methods available to value a coal producer like Arch Coal (ARCH). Valuing a mining company is a complex matter. Apart from the usual financing risk…
Majority of the coal (KOL) stocks began 2017 on a weak note. The stocks have not been able to recoup from the slump until now. They have been outperformed by…
Arch Coal (ARCH) has long-term coal supply agreements for their non-trading, thermal coal sales, hence managing commodity risk for thermal coal and also to a limited extent, through the use…
On June 30, 2017, the book value of Arch Coal’s (ARCH) long-term debt was about $315.6 million, of which ~$297 million is due for payment in 2024. Arch Coal’s leverage,…
From October 2 to December 31, 2016, Arch Coal (ARCH) reported adjusted EBITDAR (earnings before interest, tax, depreciation, amortization, and restructuring costs) of $94.5 million, and $87.3 million prior to…
Arch Coal’s revenues are mainly driven by its mines operated in the Powder River Basin and Appalachia regions.
On December 31, 2016, Viper Mining Complex had ~38.3 million tons of coal reserves.
Arch Coal (ARCH) operates five mining complexes in the Appalachian region that produce metallurgical coal. Metallurgical coal is also known as coking coal and is used in steelmaking.
Coal Creek is a 7,400-acre mining complex that extracts thermal coal from the Wyodak‑R1 and Wyodak‑R3 seams.
On October 5, 2016, Arch Coal (ARCH) emerged from bankruptcy through successful financial restructuring.
In its largest-ever acquisition, Arch Coal purchased International Coal Group for ~$3.4 billion on June 15, 2011.
Arch Coal (ARCH) sold 96 million tons of coal in 2016, meeting ~13% of the coal supply in the US. In October 2016, ARCH emerged from Chapter 11 bankruptcy.