Sanchez – Hess Reach Eagle Ford Deal For $265 Million

Deal Looks Attractive For Sanchez At ~$6,000 Per Acre
Sanchez Energy Maverick Area Map

Sanchez Energy Maverick Area Map | Click to Enlarge

Sanchez and Hess have reached a $265 million agreement for 43,000 net acres in Dimmit, Frio, La Salle, and Zavala counties in the gas condensate and oil window of the Eagle Ford. Sanchez also mentioned potential in the Austin Chalk, Buda Limestone, and Pearsall Shale. [Read more…]