Sanchez Energy Corp. (NYSE: SN) spent at least $600 million in 2013 to strengthen its flagship position in the Eagle Ford.
The company has so far hit pay dirt in the Eagle Ford shale.
Sanchez fourth-quarter 2013 production grew 904% year-over-year (yoy). Fourth-quarter 2013 production was 18,810 barrels of oil equivalent per day (boe/d) compared with 1,874 boe/d in the fourth quarter of 2012.
Oil production also soared, hitting 13,746 boe/d, a 669% increase.
The company has offered production guidance of 107% for 2014.
“Drilling efficiencies, many of the most ...