Wednesday, January 15, 2014

Sanchez Provides Update

Sanchez Energy released this update today:

We are not forecasting any material production from our step-out activities in Tuscaloosa Marine Shale ("TMS") this year, however, we remain excited about the potential that could start to be developed in the TMS. "We plan to initiate our drilling activities in the TMS in 2014 and have allocated approximately 10% of our operating capital to this rapidly emerging play. Our drilling will be a combination of operated and non-operated wells, with our first operated well expected to spud in the first half of 2014. We expect the substantial increase in TMS industry activity during 2014 to positively influence the well cost structure and overall knowledge of the play."


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