Sanchez Energy is the latest Eagle Ford operator to provide an update on its activity. The company recently listed its equity on the NYSE, so I suspect we'll be hearing from Sanchez more and more. The company has Eagle Ford operations in several counties across the play. The majority of the company's acreage is located in Northwest Lavaca and Southeast Fayette counties, but recent drilling results were highlighted in the Gonzales County area. Two recent wells produced more than 1,200 boe/d each in the first 30 days. The company has a 50% working interest in the Barnhart #5H and the Barnhart #6H wells. Watch for additional results in Fayette and Lavaca counties as the company delineates a more significant portion of its acreage position.
Sanchez Energy currently has a total of 91,000 net acres in the Eagle Ford shale trend in south Texas, with a specific focus on the volatile oil, black oil, and condensate windows of the trend. The company's acreage position is divided into three main project areas as follows:
Palmetto: approximately 9,400 net acres (18,800 gross acres) in Gonzales County, Texas where the company has 50% working interest;
Marquis: approximately 54,900 net (and gross) acres located primarily in Southeast Fayette and Northwest Lavaca Counties, Texas where the company has 100% working interest; and
Maverick: approximately 26,400 net acres (33,100 gross acres), located in southern Zavala and Frio Counties, Texas where the company has an average 80% working interest
Sanchez reports a many as 750 net drilling locations on its acreage at 120 acre spacing.