U.S. shale player Sanchez boosts production

UPI.com| Daniel J. Graber
Sanchez Energy increased net production during the second quarter of 2016.
U.S. shale oil and natural gas company Sanchez Energy said, during an era of lower crude oil prices, net production during the second quarter improved. “With the combination of lower costs and strong production, we continue to see attractive returns on the company’s capital program,” CEO Tony Sanchez III, said in a statement. Drilling into part of the Eagle Ford shale basin in Texas, the company said second quarter production was around 55,900 barrels of oil equivalent per day, a level about 4 percent higher year-on-year. Second quarter 2016 production was better by 7 percent than the company expected.
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