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Sanchez Will Double Eagle Ford Production With Shell Acquisition

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By Darren Barbee, Hart Energy
May 22, 2014

Sanchez Energy Corp. (NYSE: SN) rode off with Royal Dutch Shell Plc’s (NYSE: RDS-A, RDS-B) 106,000 net acres in the Eagle Ford on May 21, doubling the company’s proved reserves and production.

The $639 million acquisition adds about 60 million barrels of oil equivalent (MMboe) of proved reserves to Sanchez Energy. Shell’s holdings produced 24,000 boe/d in the first-quarter.

In September, Shell said it was cutting ties with its Eagle Ford position in Dimmit, LaSalle and Webb counties, Texas, due to unrelated impairment charges. The assets include 176 wells and ...

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