Please wait
.2
Case 19-34508 Document 1208 Filed in
TXSB on 04/30/20 Page 1 of 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
| Case Name: |
SANCHEZ ENERGY CORPORATION, et al. |
|
Petition Date: |
August 11, 2019 |
| Case Number: |
19-34508 |
|
|
|
Monthly Operating Report Summary for the Period
Ending
| Monthly Period (USD $ thousands) | |
8/12-8/31 | | |
Sep-19 | | |
Oct-19 | | |
Nov-19 | | |
Dec-19 | | |
Jan-20 | | |
Feb-20 | | |
Mar-20 | |
| Revenues (MOR-6) | |
23,659 | | |
33,519 | | |
33,209 | | |
34,970 | | |
- | | |
- | | |
- | | |
- | |
| Operating Income (MOR-6) | |
(3,683 | ) | |
(17,227 | ) | |
(11,860 | ) | |
4,291 | | |
- | | |
- | | |
- | | |
- | |
| Net Income (Loss) (MOR-6) | |
(40,904 | ) | |
(37,691 | ) | |
(24,287 | ) | |
(2,762 | ) | |
- | | |
- | | |
- | | |
- | |
| Payments to Insiders (MOR-9) | |
- | | |
158 | | |
148 | | |
173 | | |
124 | | |
156 | | |
148 | | |
208 | |
| Payments to Professionals (MOR-9) | |
- | | |
875 | | |
5,395 | | |
900 | | |
12,419 | | |
7,988 | | |
10,314 | | |
9,643 | |
| Total Disbursements (Exhibit A) | |
154,594 | | |
183,434 | | |
229,294 | | |
177,892 | | |
181,786 | | |
256,892 | | |
208,009 | | |
163,813 | |
**The jointly administered Debtors are authorized to file monthly operating reports on a combined basis, and have disbursements broken down by case number on Exhibit A attached**
**The original of this document must be filed with the United States Bankruptcy Court**
| Required Insurance Maintained |
|
|
| As of Signature Date |
Check Yes / No |
Exp. Date |
|
| Excess Liability |
Yes x No ¨ |
6/1/2020 |
|
| Worker's Compensation |
Yes x No ¨ |
10/1/2020 |
|
| General Liability |
Yes x No ¨ |
6/1/2020 |
|
| Auto Liability |
Yes x No ¨ |
6/1/2020 |
|
| Other |
Yes x No ¨ |
Various |
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
| |
|
|
|
| Attorney Name: |
Matthew D. Cavenaugh |
|
| Firm Name: |
Jackson & Walker LLP |
|
| Address: |
1401 McKinney St. Suite 1900 |
|
| City, State, ZIP: |
Houston, Texas 77010 |
|
| Telephone/Fax: |
(713) 752-4284 |
|
|
| |
|
|
|
|
|
Circle One |
| Are all accounts receivable being collected within terms? |
 |
No |
| Are all post-petition liabilities, including taxes, being paid within terms? |
|
No |
| Have any pre-petition liabilities been paid? |
|
|
|
No |
| If so, describe |
Operating expenses, working interests and royalties, taxes, independent contractors, and all other |
| |
|
pre-petition liabilities pursuant to the First Day Motions. |
|
|
| Are all funds received being deposited into DIP bank accounts? |
|
No |
| Were any assets disposed of outside the normal course of business? |
Yes |
 |
| If so, describe |
N/A |
|
|
|
|
| What is the status of your Plan of Reorganization? |
|
|
| |
In progess. |
|
|
|
|
| |
|
|
|
|
|
| |
I certify under penalty of perjury that the following complete |
|
|
| |
Monthly Operating Report (MOR), consisting of MOR-1 through |
|
|
| |
MOR-9 plus attachments, is true and correct. |
|
|
| |
|
|
|
|
|
|
|
| |
SIGNED X |
/s/ Cameron W. George |
Title: |
|
Executive Vice President and Chief Financial Officer |
| |
|
(Original Signature) |
|
|
|
|
| |
|
Cameron W. George |
|
4/30/2020 |
|
|
| |
|
(Print Name of Signatory) |
|
|
Date |
|
|
Notes:
The Debtors in these chapter 11 cases, along with the
last four digits of each Debtor’s federal tax identification number, include: Sanchez Energy Corporation (0102); SN Palmetto,
LLC (3696); SN Marquis LLC (0102); SN Cotulla Assets, LLC (0102); SN Operating, LLC (2143); SN TMS, LLC (0102); SN Catarina, LLC
(0102); Rockin L Ranch Company, LLC (0102); SN EF Maverick, LLC (0102); SN Payables, LLC (0102); and SN UR Holdings, LLC (0102).
Case 19-34508 Document 1208 Filed in
TXSB on 04/30/20 Page 2 of 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
| Case Name: |
SANCHEZ ENERGY CORPORATION, et al. |
|
Petition Date: |
August 11, 2019 |
| Case Number: |
19-34508 |
|
|
|
GLOBAL NOTES AND
STATEMENTS OF LIMITATIONS AND
DISCLAIMERS REGARDING THE DEBTORS’ MONTHLY
OPERATING REPORT
On August 11, 2019 (the “Petition
Date”), Sanchez Energy Corporation and certain of its affiliated debtors, as debtors and debtors in possession (collectively,
the "Debtors"), each commenced with the United States Bankruptcy Court for the Southern District of Texas (the "Court")
a voluntary case under Chapter 11 of Title 11 of the United States Code (the “Bankruptcy Code”). The Debtors are authorized
to continue operating their businesses and managing their properties as debtors in possession pursuant to sections 1107(a) and
1108 of the Bankruptcy Code. On August 12, 2019, the Bankruptcy Court entered an order authorizing the joint administration of
these cases pursuant to Rule 1015(b) of the Federal Rules of Bankruptcy Procedure. On August 26, 2019, the United States Trustee
for Region 7 (the “U.S. Trustee”) appointed an official committee of unsecured creditors pursuant to section 1102(a)(1)
of the Bankruptcy Code.
| 1. | General Methodology: The Debtors are filing this
monthly operating report (the “MOR”) solely for purposes of complying with the monthly operating requirements of the
Debtors’ chapter 11 cases. The MOR is unaudited, limited in scope, and as such, has not been subjected to procedures that
would typically be applied to financial statements in accordance with accounting principles generally accepted in the United States
of America (“U.S. GAAP”). The MOR should not be relied on by any persons for information relating to current or future
financial condition, events, or performance of any of the Debtors or their affiliates, as the results of operations contained
herein are not necessarily indicative of results that may be expected from any other period or for the full year, and may not
necessarily reflect the combined results of operations, financial position, and schedule of receipts and disbursements in the
future. There can be no assurance that such information is complete, and the MOR may be subject to revision. The following notes,
statements, and limitations should be referred to, and referenced in connection with, any review of the MOR. |
| 2. | Basis of Presentation: For financial reporting purposes, the Debtors prepare consolidated
financial statements, which include information for Sanchez Energy Corporation, and its Debtor and non-debtor subsidiaries. This
MOR only contains financial information of the Debtors. For the purposes of MOR reporting, the accompanying Balance Sheets and
Statement of Income (Loss) of the Debtors have been prepared on a condensed combined basis. The Debtors are maintaining their books
and records in accordance with U.S. GAAP and the information furnished in this MOR uses the Debtors’ normal accrual method
of accounting. In preparing the MOR, the Debtors relied on financial data derived from their books and records that was available
at the time of preparation. Nevertheless, in preparing this MOR, the Debtors made reasonable efforts to supplement the information
set forth in their books and records with additional information concerning transactions that may not have been identified therein.
Subsequent information or discovery may result in material changes to the MOR and errors or omissions may exist. Notwithstanding
any such discovery, new information, or errors or omissions, the Debtors do not undertake any obligation or commitment to update
this MOR. |
| 3. | Reporting Period: Unless otherwise noted herein, the MOR generally
reflects the Debtors’ books and records and financial activity occurring during the applicable reporting period. Except as
otherwise noted, no adjustments have been made for activity occurring after the close of the reporting period. |
Case 19-34508 Document 1208 Filed in
TXSB on 04/30/20 Page 3 of 7
| 4. | Accuracy: The financial information disclosed herein was not prepared in accordance with federal or state securities
laws or other applicable non- bankruptcy law or in lieu of complying with any periodic reporting requirements thereunder. Persons
and entities trading in or otherwise purchasing, selling, or transferring the claims against or equity interests in the Debtors
should evaluate this financial information in light of the purposes for which it was prepared. The Debtors are not liable for and
undertake no responsibility to indicate variations from securities laws or for any evaluations of the Debtors based on this financial
information or any other information. |
| 5. | Payment of Prepetition Claims Pursuant to First Day Orders: In August and September of 2019,
the Bankruptcy Court entered orders authorizing, but not directing, the Debtors to, among other things, pay certain prepetition
(a) liabilities relating to continued use of their cash management system, (b) insurance obligations, (c) payments made under the
shared services agreement, (d) obligations relating to independent contractors and board members, (e) taxes, (f) operating expenses,
and (g) working interests and royalties. If any payments were made on account of such claims following the commencement of these
chapter 11 cases pursuant to the authority granted to the Debtors by the Bankruptcy Court under the First Day Orders, such payments
have been included in this MOR unless otherwise noted. |
| 6. | Liabilities Subject to Compromise (“LSTC”): LSTC represent the Debtors' estimate
of prepetition claims to be resolved in connection with the chapter 11 cases. As a result of the chapter 11 filings, the payment
of prepetition liabilities are subject to compromise or other treatment under a plan of reorganization. The determination of how
liabilities will ultimately be settled or treated cannot be made until the Bankruptcy Court approves a chapter 11 plan of reorganization.
Accordingly, the ultimate amount of such liabilities is not determinable at this time. Prepetition liabilities that are subject
to compromise under ASC 852 are preliminary and may be subject to, among other things, future adjustments depending on Court actions,
further developments with respect to disputed claims, determinations of the secured status of certain claims, the values of any
collateral securing such claims, rejection of executory contracts, continued reconciliation or other events. |
| 7. | Reorganization Items: ASC 852 requires expenses and income directly associated with the chapter
11 filings to be reported separately in the income statement as reorganization items. Reorganization items primarily include write-off
of certain original issue discount and fees relating to debt obligations classified as LSTC, expenses related to legal advisory
and representation services, expenses related to debtor in possession financing, other professional consulting and advisory services,
and changes in LSTC recognized as there are changes in amounts expected to be allowed as claims. Nothing contained in this MOR
shall constitute a waiver of any of the Debtors’ rights or an admission with respect to their chapter 11 proceedings, including,
but not limited to, matters involving objections to claims, substantive consolidation, equitable subordination, defenses, characterization
or re-characterization of contracts, assumption or rejection of contracts under the provisions of chapter 3 of Title 11 of the
Bankruptcy Code and/or causes of action under the provisions of chapter 5 of the Bankruptcy Code or any other relevant applicable
laws to recover assets or avoid transfers. |
| 8. | Intercompany Transactions and Balance: Prior to the Petition Date (and subsequent to the
Petition Date but only pursuant to Bankruptcy Court approval), the Debtors routinely engaged (and continue to engage) in intercompany
transactions with both Debtor and non-debtor affiliates. Intercompany transactions among the Debtors have been eliminated in the
financial statements contained herein. Intercompany transactions among the Debtors and the Non-Filing Entities are presented on
a net balance basis. |
| 9. | Investment in Subsidiaries: The book basis for investment in subsidiaries
is not representative of the fair value of the net assets of non-debtor subsidiaries. These balances are reflected in the Balance
Sheets as a component of non-current assets. |
| 10. | Equity in Net Earnings of Subsidiaries: The basis for equity in net
earnings of subsidiaries represents the combined current period net income or loss of the non-debtor subsidiaries. These balances
are reflected on the Statement of Income (Loss) as a component of Other income (expense). |
Case 19-34508 Document 1208 Filed in
TXSB on 04/30/20 Page 4 of 7
| 11. | Insiders: For purposes of this MOR, the Debtors defined “insiders” pursuant to section 101(31) of the Bankruptcy
Code as: (a) directors; (b) officers; (c) persons in control of the Debtors; (d) relatives of the Debtors' directors, officers,
or persons in control of the Debtors; and (e) Debtor and non-Debtor affiliates of the foregoing. Moreover, the Debtors do not take
a position with respect to: (a) any insider's influence over the control of the Debtors; (b) the management responsibilities or
functions of any such insider; (c) the decision making or corporate authority of any such insider; or (d) whether the Debtors or
any such insider could successfully argue that he or she is not an “insider” under applicable law, with respect to
any theories of liability, or for any other purpose. |
| 12. | Reservation of Rights: The Debtors reserve all rights to amend or supplement
the MOR in all respects, as may be necessary or appropriate, but shall be under no obligation to do so. Nothing contained in this
MOR shall constitute a waiver of any of the Debtors’ rights or an admission with respect to their chapter 11 cases. |
Case 19-34508 Document 1208 Filed in TXSB on 04/30/20 Page 5 of 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON
DIVISION
| Case Name: |
SANCHEZ ENERGY CORPORATION, et al. |
|
Petition Date: |
August 11, 2019 |
| Case Number: |
19-34508 |
|
|
|
Cash Receipts and Disbursements for the Period Ending
| Book Cash Receipts and Disbursements
(USD $ thousands) (1) | |
31-Aug-19 | | |
30-Sep-19 | | |
31-Oct-19 | | |
30-Nov-19 | | |
31-Dec-19 | | |
31-Jan-20 | | |
29-Feb-20 | | |
31-Mar-20 | |
| Cash
& Cash Equivalents - Beginning | |
$ | 90,744 | | |
$ | 162,969 | | |
$ | 173,846 | | |
$ | 146,627 | | |
$ | 158,876 | | |
$ | 153,335 | | |
$ | 104,997 | | |
$ | 134,415 | |
| Cash
Receipts | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Gross
Production Receipts | |
| 159,451 | | |
| 149,721 | | |
| 171,500 | | |
| 152,619 | | |
| 158,092 | | |
| 150,329 | | |
| 149,697 | | |
| 116,825 | |
| JIB
Receipts & Cash Calls | |
| 24,947 | | |
| 44,100 | | |
| 30,002 | | |
| 36,881 | | |
| 15,640 | | |
| 57,766 | | |
| 37,697 | | |
| 20,648 | |
| Other | |
| 56 | | |
| 489 | | |
| 573 | | |
| 641 | | |
| 2,512 | | |
| 459 | | |
| 34 | | |
| 286 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total
Cash Receipts | |
$ | 184,454 | | |
$ | 194,311 | | |
$ | 202,075 | | |
$ | 190,141 | | |
$ | 176,245 | | |
$ | 208,554 | | |
$ | 187,428 | | |
$ | 137,759 | |
| Cash
Disbursements | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Capex | |
| (4,880 | ) | |
| (33,068 | ) | |
| (30,557 | ) | |
| (17,510 | ) | |
| (17,338 | ) | |
| (21,216 | ) | |
| (30,434 | ) | |
| (28,222 | ) |
| Lease
Operating Expense | |
| (2,931 | ) | |
| (6,877 | ) | |
| (16,891 | ) | |
| (14,942 | ) | |
| (12,954 | ) | |
| (13,388 | ) | |
| (11,289 | ) | |
| (13,915 | ) |
| Gathering,
Marketing, Transportation | |
| (15,715 | ) | |
| (15,825 | ) | |
| (26,482 | ) | |
| (23,290 | ) | |
| (16,383 | ) | |
| (24,712 | ) | |
| (13,381 | ) | |
| (13,140 | ) |
| Royalties
& Working Interest Payments | |
| (120,181 | ) | |
| (114,319 | ) | |
| (111,609 | ) | |
| (111,689 | ) | |
| (113,605 | ) | |
| (116,690 | ) | |
| (109,286 | ) | |
| (87,090 | ) |
| Production
& Ad Valorem Tax | |
| (7,123 | ) | |
| (6,381 | ) | |
| (29,832 | ) | |
| (6,390 | ) | |
| (6,129 | ) | |
| (20,881 | ) | |
| (6,606 | ) | |
| (6,062 | ) |
| G&A
/ Other | |
| (2,538 | ) | |
| (5,656 | ) | |
| (8,084 | ) | |
| (2,870 | ) | |
| (2,576 | ) | |
| (7,815 | ) | |
| (7,964 | ) | |
| (5,145 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Operating
Cash Disbursements | |
$ | (153,368 | ) | |
$ | (182,126 | ) | |
$ | (223,455 | ) | |
$ | (176,690 | ) | |
$ | (168,986 | ) | |
$ | (204,702 | ) | |
$ | (178,961 | ) | |
$ | (153,573 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total
Operating Cash Flow | |
$ | 31,086 | | |
$ | 12,185 | | |
$ | (21,380 | ) | |
$ | 13,451 | | |
$ | 7,259 | | |
$ | 3,852 | | |
$ | 8,467 | | |
$ | (15,814 | ) |
| Financing
and Restructuring Related Disbursements | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Interest
& Fees | |
| - | | |
| (433 | ) | |
| (444 | ) | |
| (426 | ) | |
| (439 | ) | |
| (19,266 | ) | |
| (18,780 | ) | |
| (793 | ) |
| Draw
(Repayment) of Principal | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (25,000 | ) | |
| - | | |
| - | |
| Cash
Collateralization of Letters of Credit | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Restructuring
Costs | |
| (47 | ) | |
| (875 | ) | |
| (5,395 | ) | |
| (776 | ) | |
| (12,360 | ) | |
| (7,924 | ) | |
| (10,268 | ) | |
| (9,446 | ) |
| Intercompany | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Net
Cash Flow Prior to DIP Financing | |
$ | 31,039 | | |
$ | 10,877 | | |
$ | (27,219 | ) | |
$ | 12,249 | | |
$ | (5,541 | ) | |
$ | (48,338 | ) | |
$ | (20,582 | ) | |
$ | (26,054 | ) |
| Debt | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Draw
(Repayment) of DIP | |
| 41,186 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 50,000 | | |
| - | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total
Net Cash Flow | |
$ | 72,225 | | |
$ | 10,877 | | |
$ | (27,219 | ) | |
$ | 12,249 | | |
$ | (5,541 | ) | |
$ | (48,338 | ) | |
$ | 29,418 | | |
$ | (26,054 | ) |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ending
Operating Cash Balance | |
$ | 162,969 | | |
$ | 173,846 | | |
$ | 146,627 | | |
$ | 158,876 | | |
$ | 153,335 | | |
$ | 104,997 | | |
$ | 134,415 | | |
$ | 108,361 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Ending
Restricted Cash Balance | |
$ | 47 | | |
$ | 47 | | |
$ | 47 | | |
$ | 47 | | |
$ | 47 | | |
$ | 47 | | |
$ | 47 | | |
$ | 47 | |
Case 19-34508 Document 1208 Filed in TXSB on 04/30/20 Page 6 of 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR
THE SOUTHERN DISTRICT OF TEXAS
HOUSTON
DIVISION
| Case Name: |
SANCHEZ ENERGY CORPORATION, et al. |
|
Petition Date: |
August 11, 2019 |
| Case Number: |
19-34508 |
|
|
|
Cash Account Reconcilation
| (USD $ thousands) | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Bank Account Balances as of March 31, 2020 | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Bank | |
Legal Entity | |
Account # | | |
| |
11-Aug-19 | | |
31-Aug-19 | | |
30-Sep-19 | | |
31-Oct-19 | | |
30-Nov-19 | | |
31-Dec-19 | | |
31-Jan-20 | | |
29-Feb-20 | | |
31-Mar-20 | |
| JP Morgan Chase Bank | |
Sanchez Energy Corporation | |
| x2021 | | |
Operating | |
| 4,185,781 | | |
| 51,192,938 | | |
| 60,410,531 | | |
| 61,520,840 | | |
| 57,013,266 | | |
| 51,298,654 | | |
| 10,186,318 | | |
| 59,003,571 | | |
| 52,476,243 | |
| JP Morgan Chase Bank | |
SN Operating, LLC | |
| x2252 | | |
Revenue/ZBA | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| JP Morgan Chase Bank | |
SN Operating, LLC | |
| x2351 | | |
AP/ZBA | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| JP Morgan Chase Bank | |
SN Payables, LLC | |
| x2575 | | |
AP Operating | |
| 3,642,097 | | |
| 4,081,257 | | |
| 3,551,531 | | |
| 28,963,646 | | |
| 3,643,310 | | |
| 3,341,075 | | |
| 11,605,791 | | |
| 1,584,157 | | |
| 1,261,997 | |
| JP Morgan Chase Bank | |
SN Payables, LLC | |
| x2765 | | |
AP/ZBA | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| JP Morgan Chase Bank | |
SN EF Maverick, LLC | |
| x2930 | | |
Operating | |
| 23,268,364 | | |
| 68,329,374 | | |
| 67,939,904 | | |
| 39,807,881 | | |
| 56,523,044 | | |
| 51,491,346 | | |
| 65,581,483 | | |
| 65,864,005 | | |
| 37,922,985 | |
| JP Morgan Chase Bank | |
SN EF Maverick, LLC | |
| x3078 | | |
Revenue/ZBA | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| JP Morgan Chase Bank | |
SN EF Maverick, LLC | |
| x3193 | | |
AP/ZBA | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| JP Morgan Chase Bank | |
SN EF Maverick, LLC | |
| x5176 | | |
SN Marketing Activities | |
| 42,862 | | |
| 3,520 | | |
| 397,995 | | |
| 117,585 | | |
| 117,585 | | |
| 1,043,708 | | |
| 914,625 | | |
| 1,248,878 | | |
| 2,330,148 | |
| JP Morgan Chase Bank | |
SN UR Holdings, LLC | |
| x3553 | | |
General Corporate | |
| 99,272 | | |
| 99,272 | | |
| 98,368 | | |
| 97,432 | | |
| 96,430 | | |
| 95,380 | | |
| 94,315 | | |
| 93,206 | | |
| 92,164 | |
| JP Morgan Chase Bank | |
Sanchez Energy Corporation | |
| x1092 | | |
Money Market | |
| - | | |
| 1,728 | | |
| 1,718 | | |
| 1,707 | | |
| 1,697 | | |
| 1,686 | | |
| 1,675 | | |
| 1,665 | | |
| 1,653 | |
| JP Morgan Chase Bank | |
SN EF Maverick, LLC | |
| x6268 | | |
Money Market | |
| - | | |
| 4,705 | | |
| 4,699 | | |
| 4,691 | | |
| 4,683 | | |
| 4,675 | | |
| 4,666 | | |
| 4,658 | | |
| 4,647 | |
| JP Morgan Chase Bank | |
SN UR Holdings, LLC | |
| x1853 | | |
Money Market | |
| 62,430,686 | | |
| 62,473,116 | | |
| 62,514,179 | | |
| 62,550,283 | | |
| 62,580,101 | | |
| 62,610,927 | | |
| 46,641,006 | | |
| 27,657,255 | | |
| 27,662,782 | |
| RBC Capital Markets, LLC | |
SN UR Holdings, LLC | |
| x8438 | | |
RBC Time Deposit | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| RBC Capital Markets, LLC | |
Sanchez Energy Corporatoin | |
| x5367 | | |
RBC Time Deposit | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| RBC Capital Markets, LLC | |
SN UR Holdings, LLC | |
| x9371 | | |
Security/BLACKROCK TempFund (Fund #24) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| RBC Capital Markets, LLC | |
SN UR Holdings, LLC | |
| x8627 | | |
Security/J.P. MORGAN Prime Money Market (Fund #3605) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| RBC Capital Markets, LLC | |
SN UR Holdings, LLC | |
| x1624 | | |
Security/FIDELITY Prime Money Market (Fund #2014) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| RBC Capital Markets, LLC | |
SN UR Holdings, LLC | |
| x8928 | | |
Security/FEDERATED Prime Obligations (Fund #10) | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| | |
| |
| | | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Total Operating Cash | |
| |
| | | |
| |
| 93,669,060 | | |
| 186,185,909 | | |
| 194,918,925 | | |
| 193,064,067 | | |
| 179,980,117 | | |
| 169,887,451 | | |
| 135,029,880 | | |
| 155,457,394 | | |
| 121,752,620 | |
| JP Morgan Chase Bank | |
Sanchez Energy Corporation | |
| x3178 | | |
Restricted Cash Utilities | |
| - | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | |
| Total Restricted Cash | |
| |
| | | |
| |
| - | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | |
| Total Bank Cash | |
| |
| | | |
| |
| 93,669,060 | | |
| 186,233,266 | | |
| 194,966,282 | | |
| 193,111,424 | | |
| 180,027,474 | | |
| 169,934,808 | | |
| 135,077,237 | | |
| 155,504,751 | | |
| 121,799,977 | |
| | |
| |
| | | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Book-To-Bank
Cash Reconciliation | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
|
| Beginning
Book Balance (1) | |
| - | | |
| 90,743,905 | | |
| 162,968,716 | | |
| 173,846,049 | | |
| 146,626,641 | | |
| 158,875,951 | | |
| 153,335,086 | | |
| 104,996,825 | | |
134,415,319 |
| (+/-)
Net Book Cash Flow (MOR-7) | |
| - | | |
| 72,224,811 | | |
| 10,877,333 | | |
| (27,219,408 | ) | |
| 12,249,309 | | |
| (5,540,865 | ) | |
| (48,338,260 | ) | |
| 29,418,494 | | |
(26,054,058) |
| Ending
Book Balance (MOR-2) (2) | |
| 90,743,905 | | |
| 162,968,716 | | |
| 173,846,049 | | |
| 146,626,641 | | |
| 158,875,951 | | |
| 153,335,086 | | |
| 104,996,825 | | |
| 134,415,320 | | |
108,361,262 |
| (+)
Restricted Cash | |
| - | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
| 47,357 | | |
47,357 |
| (+/-)
Cash In Transit, Outstanding Checks, & Other | |
| 2,925,155 | | |
| 23,217,193 | | |
| 21,072,876 | | |
| 46,437,426 | | |
| 21,104,167 | | |
| 16,552,365 | | |
| 30,033,055 | | |
| 21,042,075 | | |
13,391,358 |
| Ending
Bank Balance | |
| 93,669,060 | | |
| 186,233,266 | | |
| 194,966,282 | | |
| 193,111,424 | | |
| 180,027,474 | | |
| 169,934,808 | | |
| 135,077,237 | | |
| 155,504,751 | | |
121,799,977 |
Case 19-34508 Document 1208 Filed in TXSB on 04/30/20 Page 7 of 7
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF TEXAS
HOUSTON
DIVISION
| Case Name: |
SANCHEZ ENERGY CORPORATION, et al. |
|
Petition Date: |
August 11, 2019 |
| Case Number: |
19-34508 |
|
|
|
Total Disbursements by Debtor Entity for the Period Ending
| (USD thousands $) | |
| | |
| | |
| | |
| | |
| | |
| | |
|
|
| |
| Total Disbursements By
Debtor Entity | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
|
|
| Debtor
Case # | |
Legal
Entity Name | |
| 31-Aug-19 | | |
30-Sep-19 | | |
| 31-Oct-19 | | |
| 30-Nov-19 | | |
| 31-Dec-19 | | |
| 31-Jan-20 | | |
| 29-Feb-20 | | |
31-Mar-20 |
| 19-34508 | |
Sanchez Energy
Corporation | |
| 5,960,361 | | |
8,811,787 | | |
| 15,987,909 | | |
| 6,454,267 | | |
| 16,920,147 | | |
| 60,826,978 | | |
| 36,331,438 | | |
17,978,596 |
| 19-34509 | |
SN Palmetto, LLC | |
| - | | |
- | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
- |
| 19-34510 | |
SN Marquis LLC | |
| - | | |
- | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
- |
| 19-34511 | |
SN Cotulla Assets, LLC | |
| - | | |
- | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
- |
| 19-34512 | |
SN Operating, LLC | |
| 9,425,442 | | |
9,051,349 | | |
| 8,362,596 | | |
| 8,067,181 | | |
| 7,983,505 | | |
| 8,118,544 | | |
| 7,937,113 | | |
7,031,954 |
| 19-34513 | |
SN TMS, LLC | |
| - | | |
- | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
- |
| 19-34514 | |
SN Catarina, LLC | |
| - | | |
- | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
- |
| 19-34515 | |
Rockin L Ranch Company,
LLC | |
| - | | |
- | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
- |
| 19-34516 | |
SN EF Maverick, LLC | |
| 126,296,737 | | |
113,416,583 | | |
| 118,076,714 | | |
| 119,932,760 | | |
| 121,390,679 | | |
| 122,067,307 | | |
| 115,283,151 | | |
84,752,024 |
| 19-34517 | |
SN Payables, LLC | |
| 12,911,007 | | |
52,153,153 | | |
| 86,865,774 | | |
| 43,436,369 | | |
| 35,490,183 | | |
| 65,878,582 | | |
| 47,456,397 | | |
54,049,492 |
| 19-34518 | |
SN UR Holdings, LLC | |
| - | | |
904 | | |
| 935 | | |
| 1,002 | | |
| 1,050 | | |
| 1,065 | | |
| 1,001,109 | | |
1,042 |
| Total | |
| |
| 154,593,548 | | |
183,433,776 | | |
| 229,293,928 | | |
| 177,891,578 | | |
| 181,785,564 | | |
| 256,892,477 | | |
| 208,009,207 | | |
163,813,109 |