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Sanchez Cuts Catarina Well Costs; Ups Proppant Levels in 4Q
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Sanchez Energy Corporation has provided an update on its fourth quarter and full year 2014 operations and year-end 2014 reserves.
Summary Highlights Sanchez Energy reported fourth quarter 2014 production of approximately 4,039 MBOE, an increase of 14% over the third quarter of 2014 and an increase of 133% compared to the same period a year ago. Daily average production was 43,897 BOE/D, at the high end of the fourth quarter 2014 guidance range of 40,000 – 44,000 BOE/D. Full year 2014 production was approximately 11,141 MBOE (30,523 BOE/D), an increase of 188% over 2013. Year-end 2014 proved reserves were 134.8 MMBOE, an increase of 129% compared to year-end 2013 Current production of approximately 43,000 BOE/D with 46 gross wells in various stages of completion First quarter and full…- ✓ Full news archive — U.S., Canada & international coverage
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