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Sanchez Tags $4.0MM Catarina Well Cost; Two Rig Strategy
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Sanchez Energy Corporation announced operating and financial results for the third quarter 2015.
Key Points: The Company's Eagle Ford development plan remains primarily focused on Catarina, where the Company plans to average two gross (two net) rigs for the remainder of 2015. Well costs in the third quarter 2015 averaged approximately $4.1 million, and are continuing to trend down with recent pad averages coming in below $4.0 million. Tracking estimated ultimate recoveries approaching the 600-700 MBOE type curve designated for Western Catarina. In South-Central Catarina, well results have continued to trend above expectations and are currently tracking EURs of approximately 1,200 MBOE, nearly double the Western Catarina type curve. Highlights from the report include: Total production…- ✓ Full news archive — U.S., Canada & international coverage
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