Sanchez Energy posts record Q3 production, encouraging Catarina results
Sanchez Energy (SN +2.8%) says Q3 production hit a record 38.6K boe/day, up 91% Q/Q and up 228% Y/Y and above the midpoint of company guidance of 36K-40K boe/day; volumes consisted of 47% oil, 27% natural gas liquids, 26% natural gas Read more »
E&Ps Locking in Cash Flows and Sales Prices OPEC’s agreement to cut production levels has kicked off a rush among shale oil companies to hedge their oil price risk above $50 for 2017 and 2018. The number of E&Ps selling oil for delivery next year has pushed the WTI forward curve into slight backwardation after two years of contango. Compare[Read More…]
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