|By PR Newswire||
|April 2, 2014 02:00 AM EDT||
HOUSTON, April 2, 2014 /PRNewswire/ -- Sabine Oil & Gas LLC today announced that it has scheduled a conference call on Friday April 4, 2014, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time), to discuss fourth quarter and full year 2013 financial and operational results and the Company's guidance for 2014. Prior to the conference call, the Company will post its 2014 Guidance to its website at www.sabineoil.com.
To access the conference call, participants should dial 1-888-606-5934 and international participants should dial 1-517-308-9375. The participant passcode is SABINE2014. A replay of the conference call will be available through the Company's website at www.sabineoil.com.
Effective April 2, 2014, the Company's semi-annual redetermination of its borrowing base under the first lien credit facility has been completed with its bank group resulting in a borrowing base increase from $620 million to $700 million. Additionally, the Company's pricing grid has been amended to reflect applicable margins of 1.50% to 2.50% for Eurodollar Loans and 0.50% to 1.50% for ABR Loans. No other terms of the first lien credit facility were amended.
Sabine Oil & Gas LLC is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States. Our current operations are principally located in the Eagle Ford Shale in South Texas, the Cotton Valley Sand and Haynesville Shale in East Texas, and the Granite Wash in the Texas Panhandle.
SOURCE Sabine Oil & Gas LLC