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Sanchez Touts Eagle Ford IPs; Lowers Well Costs to $4.5MM
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Sanchez Energy Corporation announced operating results for the second quarter 2015. Highlights included Eagle Ford Catarina well results and lower well costs.
Highlights: Well costs in Catarina have decreased from approximately $6.5 million per well that was budgeted at the start of 2015, to below $4.5 million currently. The two most recent two-well pads at South-Central Catarina have averaged 24-hour initial production (IP) rates between 1,400 and 1,800 BOE/D and are trending in line with the strongest wells in Western Catarina.Enlarge Image
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Highlights from operations include: Record production of 4,907 thousand barrels of oil equivalent (MBOE) during the second quarter 2015 for average production of 53,920 barrels of oil equivalent per day (BOE/D) driven by shorter…- ✓ Full news archive — U.S., Canada & international coverage
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