Sanchez Energy Corporation was formed in August 2011 and completed our initial public offering (“IPO”) on December 19, 2011. We are listed on the New York Stock Exchange under the symbol “SN.”
Concurrent with our IPO, we acquired assets concentrated in the Eagle Ford Shale trend of South Texas, as well as smaller positions in the Haynesville Shale and northern Montana, from Sanchez Energy Partners I, LP (“SEP I”), a private equity investment fund sponsored by Sanchez Oil & Gas Corporation. Also concurrent with our IPO, we acquired our Marquis position in the Eagle Ford Shale. SEP I subsequently distributed or sold all of its SN shares and no longer holds an interest in Sanchez Energy Corporation.
Since our IPO we have further expanded our Eagle Ford presence by acquiring our Cotulla assets in May 2013, Wycross assets in October 2013, Catarina assets in June 2014 and several other smaller acreage acquisitions. In addition, we have acquired a 69,000 net leasehold acreage position in what we believe to be the core of the Tuscaloosa Marine Shale.
We currently hold a major producing position in the liquids-rich region of the Eagle Ford Shale where the economics are proving to be some of the strongest among U.S. onshore basins. We have implemented an active drilling program and increased our average daily production significantly since our IPO.
Please review our Investor Presentation for the latest information about our operations.