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Sanchez Gets Gassier in Q2 as Oil Output Falls YOY
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Sanchez Energy Corporation announced operating results for the second quarter 2016.
Key Points: The Company's production is getting more and more gassy - oil output is falling while gas posts increases year-over-year. The Company's production mix during the second quarter of 2016 (55,900 BOEPD) consisted of approximately 32% oil, 30% natural gas liquids, and 38% natural gas (The Company's production mix during the second quarter 2015 consisted of approximately 39% oil, 31% natural gas, and 30% natural gas liquids). During the second quarter of 2016, the Company spud 17 gross (17 net) wells and completed 17 gross (17 net) wells. As of June 30, 2016 the Company was running one rig at Catarina and had 657 gross (539 net) producing wells with 16 gross (14.5 net) wells in various stages…- ✓ Full news archive — U.S., Canada & international coverage
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