Sanchez Energy Corporation is an independent exploration and production company focused on the acquisition and development of oil and natural gas resources in the onshore United States. We are currently focused on the horizontal development of significant resource potential from the Eagle Ford Shale in South Texas, and we also hold other producing properties and undeveloped acreage, including in the Tuscaloosa Marine Shale (TMS) in Mississippi and Louisiana which offers potential future development opportunities.
As of Dec. 31, 2018, we have assembled approximately 472,000 gross leasehold acres (271,000 net acres) in the Eagle Ford Shale, where we plan to invest the majority of our 2019 capital budget.
Our primary business objective is to develop our resource base in a manner that maximizes our capital efficiency and financial flexibility while generating an attractive return on invested capital. Our long-term business strategy is focused on developing our oil, natural gas and NGL reserves, as well as other activities that directly enhance or support our upstream production operations.