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Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 8
Key Information 8
Company Overview 8
Sanchez Energy Corporation, Valuation and Financial Data 9
Sanchez Energy Corporation, Share Price Performance 9
Share Price Performance, Q3, 2015-Q3, 2016 9
Sanchez Energy Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q3, 2015-Q3, 2016 10
Sanchez Energy Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q3, 2015-Q3, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2015-Q3, 2016 12
Sanchez Energy Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q3, 2015-Q3, 2016 13
Sanchez Energy Corporation, Quarterly Production Trends 14
Sanchez Energy Corporation, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q3, 2015-Q3, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2015-Q3, 2016 15
Sanchez Energy Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q3, 2015-Q3, 2016 16
Crude Oil Production, By Country/Region, Q3, 2015-Q3, 2016 17
Sanchez Energy Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q3, 2015-Q3, 2016 18
Natural Gas Production, By Country/Region, Q3, 2015-Q3, 2016 19
Sanchez Energy Corporation, Valuation and Financial Data, 2011-2015 20
Sanchez Energy Corporation, Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
Sanchez Energy Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
Sanchez Energy Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2011-2015 38
Acquisition Costs By Country/Region, 2011-2015 39
Exploration and Development Costs, By Country/Region, 2011-2015 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2011-2015 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44
Sanchez Energy Corporation, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2011-2015 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48
Sanchez Energy Corporation, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2011-2015 52
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53
Oil and Gas Revenue and Expenses, Per boe 57
Oil and Gas Revenue and Expenses, By boe, 2011-2015 57
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 58
Oil and Gas Performance Metrics 61
Sanchez Energy Corporation, Land Holdings and Well Data 62
Developed and Undeveloped Acreage 62
Gross and Net Developed and Undeveloped Acreage, 2011-2015 62
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 63
Well Statistics 66
Producible Oil and Gas Well, 2011-2015 66
Producible Oil and Gas Well, By Country/Region, 2011-2015 67
Exploration and Development Wells Drilled, 2011-2015 71
Exploration and Development Wells Drilled, By Country/Region, 2011-2015 72
Recent Developments 73
Sanchez Energy Corporation - Recent Developments 73
Nov 07, 2016: Sanchez Energy Announces Third Quarter 2016 Operating And Financial Results 73
Oct 26, 2016: Sanchez Energy Announces Third Quarter 2016 Operating Results 76
Oct 10, 2016: Sanchez Energy Appoints Howard J. Thill Executive Vice President And Chief Financial Officer 79
Aug 08, 2016: Sanchez Energy Announces Second Quarter 2016 Operating And Financial Results 80
Aug 02, 2016: Sanchez Energy Announces Appointment of Robert V. Nelson, III to Its Board of Directors 84
Jul 19, 2016: Sanchez Energy Announces Second Quarter 2016 Operating Results 85
May 09, 2016: Sanchez Energy Announces First Quarter 2016 Operating And Financial Results 87
Apr 20, 2016: Sanchez Energy Announces First Quarter 2016 Operating Results 90
Mar 21, 2016: Sanchez Energy Maintains Borrowing Capacity Of $300 Million After Borrowing Base Redetermination 91
Mar 07, 2016: Sanchez Energy Announces Departure Of The Company's Chief Financial Officer, Gleeson Van Riet, And Names Garrick ("Rick") Hill Interim Co-Chief Financial Officer 91
Appendix 93
Methodology 93
Coverage 93
Secondary Research 93
Primary Research 93
Data Information Sources 94
Company Source 94
SEC/Other Regulatory Filings 94
Other Sources 94
Expert Panel Validation 94
Data Definition 94
Oil and Gas Reserves 94
Units of Measure 95
About GlobalData 95
Disclosure 95
Disclaimer 95
List of Tables
Table 1: Sanchez Energy Corporation, Key Facts 8
Table 2: Sanchez Energy Corporation, Share Price Performance, Q3, 2015-Q3, 2016 9
Table 3: Sanchez Energy Corporation, Key Valuation Metrics, Q3, 2015-Q3, 2016 10
Table 4: Sanchez Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2015-Q3, 2016 11
Table 5: Sanchez Energy Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2015-Q3, 2016 12
Table 6: Sanchez Energy Corporation, Upstream Capital Expenditure, Q3, 2015-Q3, 2016 13
Table 7: Sanchez Energy Corporation, Total Crude Oil and Natural Gas, Production, Q3, 2015-Q3, 2016 14
Table 8: Sanchez Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2015-Q3, 2016 15
Table 9: Sanchez Energy Corporation, Total Crude Oil Production, mmbbl, Q3, 2015-Q3, 2016 16
Table 10: Sanchez Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2015-Q3, 2016 17
Table 11: Sanchez Energy Corporation, Total Natural Gas Production, bcf, Q3, 2015-Q3, 2016 18
Table 12: Sanchez Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2015-Q3, 2016 19
Table 13: Sanchez Energy Corporation, Share Price Performance, 2011-2015 20
Table 14: Sanchez Energy Corporation, Key Valuation Metrics, 2011-2015 21
Table 15: Sanchez Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: Sanchez Energy Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: Sanchez Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: Sanchez Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: Sanchez Energy Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: Sanchez Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: Sanchez Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: Sanchez Energy Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: Sanchez Energy Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: Sanchez Energy Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: Sanchez Energy Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: Sanchez Energy Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: Sanchez Energy Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Table 28: Sanchez Energy Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 29: Sanchez Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Table 30: Sanchez Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45
Table 31: Sanchez Energy Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 47
Table 32: Sanchez Energy Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51
Table 33: Sanchez Energy Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Table 34: Sanchez Energy Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 56
Table 35: Sanchez Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 57
Table 36: Sanchez Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 60
Table 37: Sanchez Energy Corporation, Oil and Gas Performance Metrics, 2011-2015 61
Table 38: Sanchez Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 62
Table 39: Sanchez Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 65
Table 40: Sanchez Energy Corporation, Producible Oil and Gas Wells, 2011-2015 66
Table 41: Sanchez Energy Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 70
Table 42: Sanchez Energy Corporation, Exploratory and Developed Wells, 2011-2015 71
Table 43: Sanchez Energy Corporation, Exploratory and Developed Wells, By Country/Region, 2011-2015 72
List of Figures
Figure 1: Sanchez Energy Corporation, Share Price Performance, USD/Share, Q3, 2015-Q3, 2016 9
Figure 2: Sanchez Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2015-Q3, 2016 10
Figure 3: Sanchez Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2015-Q3, 2016 11
Figure 4: Sanchez Energy Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2015-Q3, 2016 14
Figure 5: Sanchez Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2015-Q3, 2016 15
Figure 6: Sanchez Energy Corporation, Total Crude Oil Production, mmbbl, Q3, 2015-Q3, 2016 16
Figure 7: Sanchez Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2015-Q3, 2016 17
Figure 8: Sanchez Energy Corporation, Total Natural Gas Production, bcf, Q3, 2015-Q3, 2016 18
Figure 9: Sanchez Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2015-Q3, 2016 19
Figure 10: Sanchez Energy Corporation, Share Price Performance, USD/Share, 2011-2015 20
Figure 11: Sanchez Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 12: Sanchez Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 13: Sanchez Energy Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 14: Sanchez Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 15: Sanchez Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 16: Sanchez Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 17: Sanchez Energy Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 18: Sanchez Energy Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 19: Sanchez Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 20: Sanchez Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 21: Sanchez Energy Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 22: Sanchez Energy Corporation, Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 23: Sanchez Energy Corporation, Natural Gas Reserve Changes, bcf, 2015 34
Figure 24: Sanchez Energy Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 25: Sanchez Energy Corporation, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 26: Sanchez Energy Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 27: Sanchez Energy Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37
Figure 28: Sanchez Energy Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 29: Sanchez Energy Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 30: Sanchez Energy Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 31: Sanchez Energy Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 32: Sanchez Energy Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 33: Sanchez Energy Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 34: Sanchez Energy Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 35: Sanchez Energy Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 36: Sanchez Energy Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Figure 37: Sanchez Energy Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 38: Sanchez Energy Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 39: Sanchez Energy Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 40: Sanchez Energy Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 41: Sanchez Energy Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 42: Sanchez Energy Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 43: Sanchez Energy Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Figure 44: Sanchez Energy Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 45: Sanchez Energy Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 46: Sanchez Energy Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 54
Figure 47: Sanchez Energy Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 48: Sanchez Energy Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 55
Figure 49: Sanchez Energy Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 50: Sanchez Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 57
Figure 51: Sanchez Energy Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 58
Figure 52: Sanchez Energy Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 58
Figure 53: Sanchez Energy Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 54: Sanchez Energy Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 55: Sanchez Energy Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 56: Sanchez Energy Corporation, Oil and Gas Performance Metrics, 2011-2015 61
Figure 57: Sanchez Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 62
Figure 58: Sanchez Energy Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 63
Figure 59: Sanchez Energy Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 63
Figure 60: Sanchez Energy Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 64
Figure 61: Sanchez Energy Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 64
Figure 62: Sanchez Energy Corporation, Producible Oil and Gas Wells, 2011-2015 66
Figure 63: Sanchez Energy Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 67
Figure 64: Sanchez Energy Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 67
Figure 65: Sanchez Energy Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 68
Figure 66: Sanchez Energy Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 68
Figure 67: Sanchez Energy Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 68: Sanchez Energy Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 69: Sanchez Energy Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 70
Figure 70: Sanchez Energy Corporation, Exploratory and Developed Wells, 2011-2015 71