Struggling Eagle Ford E&P firm Sanchez Energy slashed its 2019 capex budget to $100-150 million from $580 million in 2018, likely reducing production and revenue for its master limited partnership, Sanchez Midstream Partners. The MLP is facing its own concerns, having cut its dividend by more than two-thirds in November. Sanchez Energy said the lower capex will still cover its drilling and development commitments at Catarina and Comanche “for the 12-month periods that extend......
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