Sanchez Energy Raises Eagle Ford Production Guidance

Will Exit 2013 At 15,000-17,000 boe/d & Planning 2014 Exit of 20,000-22,000 boe/d
Sanchez Energy Eagle Ford Shale Map

Sanchez Energy Eagle Ford Shale Map | Click to Enlarge

Sanchez Energy has raised it’s Eagle Ford production exit rate guidance to 15,000-17,000 boe/d for 2013. Capital expenditures have also been revised to $475 million compared to $347 million previously.

The big increase is due to the purchase of 43,000 net acres from Hess. The deal closed on May 31, 2013, with a price tag of ~$280 million. Read more about the deal in the article: Sanchez – Hess Reach Eagle Ford Deal For $265 Million [Read more…]

Sanchez Energy Ends 2012 With 200% Plus Production Growth

The Barnhardt #15 Was Restricted Due to Capacity Constraints
Sanchez Energy Eagle Ford Shale Map

Sanchez Eagle Ford Map | Click to Enlarge

Sanchez Energy ended 2012 with production of approximately 4,500 boe/d. That’s a 233% increase over year-end 2011 and over 150% growth from the third quarter of 2012. Proved reserves were estimated at 21.2 million boe.

[Read more…]

Sanchez Energy Eagle Ford Reserves Hit 15 mmboe – Vertical Well Tests Coming

Sanchez Energy Eagle Ford Shale Map

Sanchez Eagle Ford Map | Click to Enlarge

Sanchez Energy’s Eagle Ford reserves have grown by 125% since the end of 2011. The company reported 15 million barrels of proved reserves with 87% being attributable to oil. An internal estimate pegs total resource potential at more than 250 mmboe from 800-1,200 wells.

Sanchez has approximately 95,000 acres stretched across portions of the black oil and volatile oil windows of the Eagle Ford. The company’s prize asset is its 9,400 acres in the Palmetto area of Gonzales County. Sanchez has two rigs running in the Eagle Ford and plans for an additional rig in the Palmetto area in August. The company just completed a seismic study in the Palmetto area and has started a development program that will include 8-9 gross wells in the second half of 2012. [Read more…]

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