Sanchez Energy Exceeds High End Of Guidance For Second Quarter

Oil & Gas Investor 

Sanchez Energy Corp.’s second quarter 2016 production was approximately 5.1 million barrels of oil equivalent (MMboe) for average production of approximately 55,900 barrels of oil equivalent per day (boe/d), according to the company’s operation update released July 19.

The results exceeded the high end of Sanchez Energy’s guidance for the quarter, the company said. Sanchez said further delineation of the south central region of Catarina resulted in the company’s best well to date as four new wells on the E33 Pad show average 30-day initial production rates that range from 1,600 boe/d to 1,900 boe/d. Meanwhile, development wells in South Central Catarina, including the new delineation wells in the northern portion of region, show preliminary type curves that are 20% to 30% better than expected.

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