Sanchez Energy Pays $639 Mil To Enlarge Its Focus On South Texas

In May, Sanchez Energy NYSE:SN announced an agreement to acquire oil and gas assets located on about 106,000 acres in South Texas.Sanchez Energy paid roughly $639 million in cash to Royal Dutch Shell for the assets.”We view it as a positive transaction that accomplishes several goals for Sanchez,” said Eric Otto, an analyst at CLSA Americas in New York City. “Most of all, it brings them size and scale that enables them to take it to the next level.”

via Sanchez Energy Pays $639 Mil To Enlarge Its Focus On South Texas – Investors.com.

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