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Eagle Ford Operator Chops 2018 CapEx; Plans 200 Wells

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Eagle Ford Operator Chops 2018 CapEx; Plans 200 Wells

Sanchez Energy today released its 2018 development plan and even though oil prices have rised the company plans to cut it capital budget by $100 million. Beloow is a look at the break-out

Capital Spending Total Capital Expenditure : $445 Million (mid-point $420 - 470 million ] Drilling & Completions     : $440.5 million (90% of total capEx) Other                             :    44.5 million Capital Spend by Area (Drilling & Completions) Catarina  : $200.25 Million Comanche : $180.22 Million Maverick : $20.02 million Drilling Activity Rigs Plan      : 6 Frac Crews    : 3.5 Wells Planned :  180 (gross)  (average 8,000 ft lateral) Put Online      : 210 (gross) Production

Tony Sanchez, III, CEO of Sanchez Energy said "The first quarter 2018 will see the benefit of initial…

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