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Sanchez Completes 27 Wells in 3Q; Two Rig Strategy into 2016

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Sanchez Completes 27 Wells in 3Q; Two Rig Strategy into 2016

Sanchez Energy Corporation announced operating results for the third quarter 2015.

Quick Overview: Two rigs for rest of 2015 and into 2016 Brought 27 wells online in 3Q Highlights from operations include: Production of 4,862 thousand barrels of oil equivalent during the third quarter 2015 for average production of 52,844 barrels of oil equivalent per day driven by continued outperformance of Catarina wells The Company received approximately $345 million in cash with the close of the Western Catarina Midstream Divestiture, with annual lease operating costs expected to rise approximately $0.75 per barrel of oil equivalent over previous guidance as a result of the transaction The Company's joint venture with Targa Resources Partners LP to construct a cryogenic processing plant expected to…
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