the Arabs need to buy about half of the oil stocks soon. They will be left out when TRUMP says we don't need your oil. We are going gas and gas pipelines.
We continue to build on our strong operating performance in 2016," said Tony Sanchez, III, Chief Executive Officer of Sanchez Energy. "During the first quarter, we once again achieved excellent production results and, at approximately 56,500 BOE/D, exceeded the high end of our guidance by over 8.5%. With these results, we believe we are now drilling and completing wells at some of the lowest cost levels reported in unconventional oil and gas development. Importantly, the combination of strong production and lower costs has allowed us to achieve positive returns on our capital program, even in today's more challenging commodity price environment, which provides us with a key competitive advantage relative to our peers. As previously noted, nearly all of our recent well cost reductions are attributable to process and design improvements and are expected to be sustainable, even in a rising commodity price environment."
Q1 total production increased ~25% y/y to 56,500 BOE/D - exceeds 48,000 to 52,000 BOE/D guidance; achieves well costs of ~$3.0 mln (SN) :
Co is currently running two rigs and expects to reduce drilling operations to one rig by the end of the second quarter 2016. In accordance with the 2016 capital plan, ~70% of 2016 capital spending is expected during the first half of the year.
During the first quarter 2016, we brought 11 new development wells on-line in South-Central Catarina. ( Eagle Ford) Early results from these wells have confirmed our geologic interpretation and are significantly exceeding results seen in the Western region of Catarina, which was the primary reason we successfully exceeded production guidance this quarter. The joint venture continues construction of a new cryogenic natural gas processing plan in La Salle County, Texas. Once complete, the project is expected to provide a path to improved yields, lower processing fees, and significant marketing benefits to Sanchez Energy." During the first
GUNS here have never been more plentiful or cheaper. Last year record sales.... What are you talking about. you aren't one of those lying TEA party Idiots who have to lie about every thing are you. Growth, same defense spending, record guns, forefathers were athirst, Evangelicals cults are #$%$, seven mountains are #$%$ imbeds, don't drink the party killing TEA.
What kind of idiot don't look at the assets and what the debt bought? Go short some more and become fuel. THE pipeline is coming . Assets will be priced higher. returns will be better and fundamentals w ill right themselves in the cycle.
its time. The PPB goes up and the assets , reserves all priced higher , worth more and get banking help. These small oils are rocketing today. The risk is on and the shorts burned again. this is getting interesting and could be very rewarding.
They will price their reserves higher on the way back up it will look like a stellar year to come. These companies have hidden DUC wells and storage just waiting for the right PPB !!!!!! These are coiled and just blowing the shorts out of the water lately . The last couple weeks shorts are down what I lost the last 6 months. Some say these hedge funds have lost 25% in the last two weeks. Leverage is a @#$%^& *( ON) the wrong side. LONGS and funds are only now hopping on for the ride. AT first it was a few speculators and bottom fishermen. Then the shorts covered last week and now every body and their brother want the stocks of the year.
bottom is in and the BLACK GOLD is about to flow again. NEAR 45 is break even and more companies will get rigs up a little at a time. March record number of shorts are getting killed again.
time to buy the BAKKEN pipeline because this is going to fly. DUC =drilled and untapped ready to go!!! just waiting for the oil price. These stocks are destroyed and have the potential to roar back.
March record shorts are done. They just don't know it yet. The April run is real and the longs, institutions and Market Makers are buying . OPEC is broke and the Saudis cant keep the 20% deficit on oil give aways forever.
its going to be a three banger . They all are down playing the 20% deficit the Saudis have been paying for the give away oil. ITS ENDING one day and the stocks are coiled. these are little BLACK Gold mines. DRILLED and not complete storage for the right time and price. THE PPS will be much higher.
these are little BLACK Gold mines. DRILLED and not complete storage for the right time and price. THE PPS will be much higher.