SYS-CON MEDIA Authors: Mat Mathews, Newswire, David Smith, Tim Crawford, Kevin Benedict

News Feed Item

Sabine Oil & Gas LLC Announces Conference Call to Discuss Fourth Quarter and Full Year 2013 Financial and Operational Results and 2014 Guidance; Borrowing Base Increased to $700 Million

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


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

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

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.