Sanchez Energy Corp (SNEC) 2015年年度报告「NYSE」.pdf

1、2015annual reportBuilt toProsPerBuilt to ProsPerNYSE:SNSanchez Energy Corporation(NYSE:SN)is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the onshore U.S.Gulf Coast,with a current focus on the Eagle Fo

2、rd Shale in South Texas,where we have accumulated approximately 200,000 net leasehold acres,and the Tuscaloosa Marine Shale.CorPorate offiCe,Houston,texas1Sanchez Energy CorporationThis past year,Sanchez Energy delivered remarkable financial and operating results while taking decisive action to ensu

3、re the Company is well-positioned for the future.The operating environment in 2015 was characterized by significant commodity price volatility,distress in the capital markets,and considerable uncertainty with respect to the future of our industry.However,by improving our financial position,optimizin

4、g our asset base,lowering our cost structure,and leveraging our competitive strengths,we believe we are well situated to navigate todays challenging environment and prosper in the years ahead.strong finanCial Position Financial Discipline Liquidity is important to our business,as it provides the“run

5、way”needed to manage through the current down cycle and the resources required to capitalize on new opportunities emerging from distress in the marketplace.In 2015 we executed a focused and disciplined strategic plan that allowed us to enter 2016 with approximately$435 million in cash.That cash,toge

6、ther with borrowing capacity under our credit facility,provided$735 million of total liquidity as we entered 2016.Importantly,we achieved this strong financial position without accessing the capital markets in 2015.Our strong financial position is the result of two key strategic initiatives executed