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Sanchez Logs 30% Increase in Production for 2017; Talks Eagle Ford Ops
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Sanchez reported its Q4 2017 results.
Production Highlights: Q4 2017 Production: 82,000 BOEPD, or 7.5 MMBOE, at the midpoint of the Company's 80,000 Boe/d to 84,000 Boe/d guidance for the quarter Full Year Production: Full year 2017 production was approximately 25.7 MMBoe, or 70,320 Boe/d, for a year-over-year growth rate of 31% Drilling Highlights: The Company's year-end Comanche drilling inventory increased by approximately 800 gross locations, a result of successful staggered Lower Eagle Ford development tests A 17 well four-zone stack development test was completed at Briscoe Catarina South in Comanche Area 3, with wells averaging 30-day peak production rates of approximately 1,252 Boe/d from the two Lower Eagle Ford zones and 675 Boe/d from the two Upper Eagle Ford…- ✓ Full news archive — U.S., Canada & international coverage
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