The Houston oil and gas company Sanchez Energy is preparing to drill 13 new wells in a natural gas-rich region of the Eagle Ford Shale just as its stock started trading below $1 per share and natural gas prices hit near-three-year highs.
The Railroad Commission of Texas issued Sanchez 13 drilling permits for a series of horizontal wells on its Piloncillo lease off U.S. Highway 83 about 37 miles northwest of Laredo. [read more]
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