Exploration & Production | Drilling / Well Results
Sanchez Energy Clarifies Well Results That Sent Stock Tumbling
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Sanchez Energy Corporation has announced that the well results for the Sante North 1H well that were filed with the Texas Railroad Commission indicating that the well produced 150 barrels of oil, 104,000 cubic feet of natural gas and 766 barrels of water during a 24-hour test on January 26, 2014 were based on a partial well test.
Sanchez Energy noted that, out of the 22 stages of the Sante North 1H well that had been fracture stimulated, only seven plugs had been successfully drilled out at the time of the filing. The Company encountered mechanical difficulties when attempting to drill out the remaining plugs due to problematic downhole conditions.
Sanchez Energy expects to have a rig back on location in early March to resume drilling out the remaining plugs and returning the well to production.
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