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Sanchez Chops 2016 CapEx; 100% Production Hedged
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Sanchez Energy Corporation announced operating results for the fourth quarter of 2015 and updates to the 2016 capital budget.
Highlights: $200-250 million Based on the strength of our 2015 operating performance, we are reducing our 2016 upstream capital spending guidance to a range of $200 million to $250 million, a $50 million reduction from our previous estimates. Our 2016 upstream capital budget is expected to maintain production roughly equal to that of 2015. Well Cost : $3.5 Million Highlights from operations include: Record production of 5.4 million barrels of oil equivalent reported by Sanchez Energy for an average production of 58,115 barrels of oil equivalent per day during the fourth quarter of 2015 Better than expected production results during the fourth quarter of 2015…- ✓ Full news archive — U.S., Canada & international coverage
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