On February 14, 2012, Sanchez Energy Corp. (NYSE: SN) disclosed its 2012 capital expenditure budget and drill plan as well as operating guidance for fiscal year 2012. SN plans to spend approximately $135 million (midpoint of CAPEX guidance) drilling 23 gross (16.5 net) wells in the volatile and black oil windows of the Eagle Ford in South Texas. The company will also spend an estimated $10 million on central production facilities and related infrastructure, leasing and seismic for a total estimated CAPEX of $145 million (midpoint). See drill-pl...


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