Sanchez Energy Boosts 2013 Capital Program, Provides Production Targets

By
A A A

Sanchez Energy Corp ( SN ) increased its 2013 total capital expenditure program to approximately $475 million as compared to the previously announced level of $347 million, with over 90% of the capital spending directed to the drilling and completion of approximately 47 net (65 gross) wells.

The company estimates May 2013 average production rate to be 12,200 BOE/d, an increase of over 200% over its average 2013 first quarter production rate of 3,943 BOE/d. Production exit rate range for 2013 is expected to be 15,000 to 17,000 BOE/d, an increase of over 255%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: SN

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

50%

Most Active by Volume

80,672,062
  • $15.11 ▼ 7.47%
66,542,096
  • $17.01 ▼ 0.12%
55,706,072
  • $23.65 ▲ 21.22%
52,954,494
  • $14.70 ▼ 10.69%
50,243,980
  • $14.70 ▼ 7.49%
47,401,468
  • $100.11 ▼ 0.64%
43,293,183
  • $4.95 ▼ 5.17%
36,328,194
  • $2.79 ▼ 1.41%
As of 9/29/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com