Three top E&P executives highlighted development plans in three different plays—the Eagle Ford, the Stack and the Bakken—at Hart Energy’s recent DUG Executive conference.
“We continue to focus on the western part of the Eagle Ford, where we have 487,000 gross/285,000 net acres,” said Tony Sanchez, CEO of Sanchez Energy Corp. The concentrated acreage position translates into over 15 years of drilling inventory, he said, and “we’re really pushing the scale that we’re using to drive a manufacturing concept.”
After spending more than $100 million on its Maverick position last year, Sanchez Energy plans on focusing its 2018 capex on its Catarina and recently acquired Comanche properties in the Eagle Ford. The company has a $445 million budget that provides for 180 gross wells. The budget, down from $550 million last year, keeps spending within cash flow, assuming benchmarks of $55/bbl and $3.00/mcf.