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Sanchez to Boost Eagle Ford Rig Count
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Sanchez Energy reported its Q1 2017 results.
Highlights include: Drilling activity at Comanche currently consists of 3 rigs with 2 additional rigs planned in May 2017; As previously announced, Sanchez Energy along with Blackstone Energy Partners in a 50/50 partnership closed the acquisition of working interests in approximately 318,000 gross operated acres in the Western Eagle Ford on March 1, 2017, resulting in adding approximately 67,000 boepd of production, 300 MMboe of proved reserves, and 155,000 net acres;First quarter production, which includes one month of Comanche production, totaled approximately 4.6 MMBoe, or approximately 51,800 Boe/d, net of previously divested production which was approximately 3,700 Boe/d;
With the closing of the Comanche Transaction and the ongoing…
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