Sanchez Energy Ticks 2% Higher on Drilling and Production Update

By
A A A

Sanchez Energy Corp. ( SN ) is up 2.1% to $18.51 after providing an interim drilling and production update on the company's activities.

SN's estimated current net production rate is approximately 4,400 barrels of oil equivalent ("BOE) per day, of which approximately 84% was oil. This rate represents a 159% increase over Q3 2012 net production exit rate of 1,700 BOE/d.

The company is currently running two rigs in the Palmetto area, one rig in the Maverick area, and two rigs in the Marquis area. SN said that it expects to spud up to five wells between mid-December and year-end 2012.

SN is trading in a 52-week range of $16.37 - $25.37. Shares have increased 1% in the last 12 months.



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

Russell’s One Good Reason
Russell’s One Good Reason           
Tammy’s One Good Reason
Tammy’s One Good Reason             
Lisa’s One Good Reason
Lisa’s One Good Reason              

Stocks

Referenced

50%

Most Active by Volume

87,324,760
  • $7.31 ▲ 22.04%
79,329,227
  • $17.16 ▲ 0.76%
74,153,988
  • $8.87 ▼ 5.84%
49,177,672
  • $34.01 ▲ 4.39%
44,197,901
  • $101.40 ▲ 1.38%
43,197,735
  • $11.70 ▲ 3.36%
42,712,021
  • $74.99 ▲ 1.19%
42,423,171
  • $108 ▲ 0.95%
As of 10/31/2014, 04:15 PM

Find a Credit Card

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