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Eagle Ford E&P to Complete 55 Net Wells, Run Two Rigs in 2016
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Sanchez Energy Corp. has detailed its 2016 spending plans.
2016 Drilling & Completions Eagle Ford Shale Rigs Plan to Operate : ~2 Wells Planned to Drill: 52 Net Wells Planned to Complete: 55 Net Capital Expenditure : $200-$250 MillionUpstream capital expenditures, including accruals, for the fourth quarter 2015 were approximately $64 million. For 2015 the annual total upstream capital expenditures totaled $545 million, a reduction of 37 percent over 2014 levels. This represents approximately a 5 percent decrease from the midpoint of the annual guidance range of $550 million to $600 million and was achieved in part from well cost improvements throughout the year.
In 2016 the Company plans to drill 52 net wells and complete 55 net wells with a capital expenditure budget ranging from…
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