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Sanchez Touts Successful Eagle Ford Downspacing in Q3; Cuts Rigs 50%

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Sanchez Touts Successful Eagle Ford Downspacing in Q3; Cuts Rigs 50%

Sanchez reported its operational results for Q3 2017. Highlights include:

Q3 Production: 6.8 MMBOE (up 43% YOY)

Rigs Cut by 50%: During the third quarter, we reduced our operated rig count from eight rigs to four, while largely maintaining the pace of completion operations

 Eagle Ford Drilling: Three Lower Eagle Ford A and three Lower Eagle Ford B wells in 250 foot staggered lateral spacing tests, are producing in-line with the Company's Lower Eagle Ford type curve Spacing success doubles the Company's Lower Eagle Ford opportunity set, adding up to 800 gross Lower Eagle Ford well locations to the Comanche asset's drilling inventory Eight Lower EF Wells Drilled: 7,500' laterals / achieved an average 24-hour peak production rate of approximately 990 Boe/d (80% oil) D-17 Well Pad: Six…
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