Seeking Alpha

Sanchez Energy (SN) raises its 2013 capex budget to ~$475M vs. the previously announced $347M,...

Sanchez Energy (SN) raises its 2013 capex budget to ~$475M vs. the previously announced $347M, with more than 90% of the spending directed to the drilling and completion of ~47 net wells. SN estimates its 2013 production exit rate at 15K-17K boe/day vs. its 2012 exit rate of ~4.5K boe/day.
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