Well Cost | Top Story | Production Rates | Capital Markets | Capital Expenditure | Drilling Activity | Capital Expenditure - 2017
Sanchez Enters New Eagle Ford Area for 2017; IDs Capex of $450MM
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Sanchez announced operating results for 2016.
Key Points: the Company has organically leased 65,000 net acres in the Maverick area located in the oil window and 45,000 net acres in a new area the Company calls "Javelina" located within the dry gas window of the Western Eagle Ford The Company's 2017 capital budget calls for total spending of $425 to $475 million (up +64% from $250-300 million spent in 2016)As of Dec. 31, 2016 the Company had 611 gross (473 net) producing wells with 24 gross (12 net) wells in various stages of completion, as detailed in the following table:
Highlights include: As previously announced, Sanchez Energy along with Blackstone Energy Partners has signed an agreement to acquire $2.3 billion of properties in the Western Eagle Ford, adding approximately 67…- ✓ Full news archive — U.S., Canada & international coverage
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