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Sanchez to Chop Rig Count and Completion Crews 50% by Q3
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Sanchez reported its Q1 2018 operating results.
Highlights: Q1 production of 7.3 MMBOE or 80,572 BOEPD (up +56% YOY from 51,800 BOEPD in Q1 2017) The Company completed 73 gross wells, finished completion activities on all of the 132 gross DUCs acquired with the Comanche asset in March 2017, and brought 68 gross wells on-line during the first quarter 2018 Consistent with the Company's 2018 capital plan, drilling activity currently consists of eight drilling rigs and four completion crews and will be reduced to four drilling rigs and two and one half crews in the third quarterComanche Area
The Company brought five horizontal wells on-line during the first quarter 2018 at the Rogers Dentonio Lease, in the western portion of Comanche Area 3, that had an average lateral length of…- ✓ Full news archive — U.S., Canada & international coverage
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