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Sanchez Maximizing Eagle Ford Acreage Position; Talks Well Results
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Sanchez Energy Corporation announced operating and financial results for the first quarter 2015.
Highlights from the report include: Current production of approximately 50,000 BOE/D driven by strong production from recent development and exploration wells brought online at Catarina. The company recently drilled two extended lateral tests at Western Caterina of 8,250 feet, on average, which are yielding exceptional results that are tracking estimated ultimate recoveries of approximately 1.5 MMBOE per well. Based on recent operating results, the Company is increasing its full year 2015 production guidance range to 42,000 to 46,000 BOE/D. Record production of 4,070 MBOE during the first quarter 2015 for average production of 45,217 BOE/D, exceeding the high end of the Company's initial…- ✓ Full news archive — U.S., Canada & international coverage
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