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Sanchez Energy Announces Fourth Quarter and Full Year 2017 Operating Results; Reports 88 Percent Increase in Year-End Proved Reserves; Announces Successful Four Bench Development in Eagle ...

SharkNinja, Inc. Ordinary Shares (SN) 
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US:NYSE Investor Relations: sanchezenergycorp.com
Company Research Source: GlobeNewswire
HOUSTON, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE:SN) (“Sanchez Energy” or the “Company”) today announced year-end 2017 proved reserves and operating results for the fourth quarter and full year 2017.  Highlights include: Proved reserves increased by 88 percent during the year to approximately 363 MMBoe, with a reserve replacement ratio of roughly 762 percent in 2017; Fourth quarter 2017 production of nearly 7.5 million barrels of oil equivalent (“MMBoe”), or 81,977 barrels of oil equivalent per day (“Boe/d”), approximately the midpoint of the Company’s 80,000 Boe/d to 84,000 Boe/d guidance for the quarter; Full year 2017 production was approximately 25.7 MMBoe, or 70,320 Boe/d; The Company’s year-end Comanche drilling inventory increased by approximately 800 gross locations through staggered development of the Lower Eagle Ford;  A four-zone stack development test of 17 wells was completed at Briscoe Catarina South, in Comanche Area 3, with average per wel Show less Read more
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