Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | Second Quarter (2Q) Update
Sanchez Sees 'Transformational' 2Q; Ups Production 164%
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Sanchez Energy Corporation has provided an update on its second quarter 2014 production and operations.
Summary Highlights: Estimated second quarter 2014 production of approximately 1,859 MBOE (20,427 BOE/D), an increase of 164% compared to the same period a year ago and above the midpoint of the production guidance range of 19,000 to 21,000 BOE/D Reported production volumes consisted of 73% oil, 14% NGLs, and 13% natural gas Production during the month of July has averaged approximately 36,000 BOE/D with 43 gross wells in various stages of completion The Company reiterates third quarter 2014 production guidance of 37,000 to 41,000 BOE/D Initial six wells in the Five Mile Creek area of Marquis came online with initial 30 day average rates ranging from approximately 450 to 700 BOE/D, in…- ✓ Full news archive — U.S., Canada & international coverage
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