Sabine Oil & Gas LLC Announces CFO Departure
HOUSTON, Aug. 6, 2014 /PRNewswire/ -- Sabine Oil & Gas LLC ("Sabine" or the "Company") today announced that Shane M. Bayless, the Company's Executive Vice President and Chief Financial Officer, will be leaving the Company to pursue other opportunities. Bayless will step down effective with the closing of the previously announced merger with Forest Oil Corporation. Bayless has served as Sabine's CFO since its inception in 2007. His departure is in no way related to any issues regarding financial disclosures, accounting matters or any business issues.
"Shane has been a great asset to the Company and we thank him for all his contributions," said David Sambrooks, Chief Executive Officer of Sabine. "We wish him every success in his future endeavors. He will be missed."
"It's been an incredible experience to be a part of building Sabine over the past seven years but I am now looking forward to new challenges," said Bayless.
The Company intends to promptly commence a search for a new CFO.
Sabine is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States. The Company's current operations are principally located in the Cotton Valley Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in South Texas and the Granite Wash in the Texas Panhandle.
SOURCE Sabine Oil & Gas LLC