Sanchez

Houston-based Sanchez Energy Corp. will continue to focus on the Eagle Ford Shale next year, and so far this year, Sanchez has managed to squeeze the company’s drilling and completion (D&C) costs to their lowest level ever.

Houston-based Sanchez Energy Corp. second quarter production exceeded the high end of guidance, and now the company plans to raise spending by up to $50 million with an eye on growing production by 5-8% next year, it said Monday.

During the second quarter, Sanchez Energy Corp. exceeded the high end of production guidance and reported its best well to date as it further delineated the south-central region of its Catarina acreage in the Eagle Ford Shale.

Sanchez Energy Corp. (SN) has struck joint venture (JV) agreements with Targa Resources Partners LP for construction of a cryogenic natural gas processing plant and associated high-pressure gathering pipelines near the producer’s Catarina asset in the Eagle Ford Shale.

Sanchez Energy Corp. is selling Eagle Ford Shale midstream assets to Sanchez Production Partners LP (SPP). The Houston-based company said proceeds will help prepare it for potential acquisitions as well as fund its drilling program.

Sanchez Energy Corp. said it achieved record production during the second quarter and reduced its capital expenditures (capex) budget for 2015, but it raised its production guidance for the rest of the year, as it focuses on high-quality, low-cost oil and condensate resource plays in the Eagle Ford Shale.

Sanchez Energy Corp.’s first operated Tuscaloosa Marine Shale (TMS) well ran into trouble during clean out, and the well’s lateral is currently being sidetracked, Sanchez said Wednesday.

Sanchez Energy Corp. is buying 106,000 net acres in the Eagle Ford Shale and associated production from Royal Dutch Shell plc for $639 million in cash. Sanchez shares zoomed Thursday.

Accelerated completions and more pad drilling helped Houston-based Sanchez Energy Corp. triple first quarter production from a year ago. Eagle Ford Shale operations are in full development mode, and the company expects to spud its first Tuscaloosa Marine Shale (TMS) well next month.