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Sanchez Talks Eagle Ford Catarina Ops, 1Q Cost Reductions
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Sanchez Energy Corporation provided an update on its first quarter 2015 operations and production.
See also: Sanchez Touts Eagle Ford Efficiencies; Results Above Type Curve
Highlights from the update include: Estimated average daily production of 45,217 BOE/D during the first quarter 2015, which represents a 141% increase over first quarter 2014, exceeding the high side of initial guidance of 40,000 to 44,000 BOE/D. Operational efficiencies and service cost reductions continue to drive substantial cost savings across Sanchez Energy's asset base, with average well costs in Catarina, where the Company is focusing the majority of its drilling and completion budget in 2015, currently trending below $4.5 million. The Company is now targeting three distinct vertical productive Eagle Ford…- ✓ Full news archive — U.S., Canada & international coverage
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