Referenced Stocks

UPDATE: Sanchez Energy Reports Solid Drilling Results on Marquis Project; Shares Pop 8%

By Midnight Trader,  August 28, 2012, 02:24:10 PM EDT

Sanchez Energy Corp. ( SN ) shares are up 8.7% after the company reported solid results on two recent well completions on its Marquis project, located on the Eagle Ford formation in South Texas.

One well was drilled to a depth of 16,216 feet. Over a 24-hour period, the well flowed at a rate of 1,120 barrels of oil equivalent per day. The second well was drilled to a total measured depth of 17,168 feet. Over a 24-hour period, this well flowed at a rate of 1,369 barrels of oil equivalent per day.

SN trades in a 52-week range of $16.37 - $25.37. Shares have increased 4% 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.


This article appears in: Investing, Commodities

Referenced Stocks: SN



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