Sanchez Energy operates mostly in the Eagle Ford Shale area of South Texas, where it has accumulated 39,000 acres. The compan specializes in unconventional oil, which is black oil -- a more sticky oil and not as valuable as lighter grade crude oil.
The Eagle Ford shale is one of the fastest growing unconventional shale trends in North America. The rig count has grown 659% from January of 2010 to November 2011. Sanchez Energy sees it as having low risk and repeatable drilling opportunities.
Written by Debra Borchardt in New York.
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