Sanchez Energy to spend $220M to acquire Eagle Ford Shale assets

09/9/2013 | Platts

Sanchez Energy will spend about $220 million to acquire producing properties in the Eagle Ford Shale play in Texas from Rock Oil. The transaction, which will expand Sanchez's foothold in the formation, covers about 11 million barrels of oil equivalent in proved reserves and 2,000 barrels of oil equivalent per day of production. The holdings "provide an excellent combination of high quality production and reserves with a continuous development program for at least the next two years," said Antonio Sanchez, president and CEO of Sanchez Energy.

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