Sanchez plows through Eagle Ford dUC inventory as Q1 production dips

摘要

Sanchez Energy, a major player in the Eagle Ford Shale in Texas, experienced lower-than-expected production during the first quarter of 2018, due in part to pipeline capacity takeaway bottlenecks, the company said in its latest earnings report. “Although we made good progress on our drilling program during the first quarter 2018, multiple factors led to production coming in below our expectations,” said CEO Tony Sanchez. “Among the factors that impacted production were a weather-related disruption, a temporary third-party bottleneck in natural gas takeaway capacity and certain operational impacts stemming from the testing of a variety of completion methods across the asset base.”