SANCHEZ ACQUIRES MORE ASSETS IN THE EAGLE FORD

(Sanchez Energy, Houston) The Houston based independent oil and gas company with a current focus on the Eagle Ford Shale announced that it has executed a definitive agreement to purchase assets in the Eagle Ford Shale consisting of approximately 11 million barrels of oil equivalent of proved reserves and 2,000 barrels of oil per day equivalent of current production on approximately 3,600 net acres in McMullen County, Texas for approximately $220. Sanchez Energy will acquire the Wycross operated assets with an average working interest of 60%. The Company also announced a preliminary 2014 operating capital plan of $700 million to spud 76 net wells and complete 79 net wells along with related facilities, leasing, and geologic and geophysical activities.  Sanchez drilling operation in the Eagle Ford – Image: Sanchez Energy