Sanchez to buy Shell properties in Eagle Ford for $639 mln

Wed May 21, 2014 4:50pm EDT

May 21 (Reuters) - Sanchez Energy Corp said it would buy oil and gas properties in the Eagle Ford region of south Texas from Royal Dutch Shell Plc for about $639 million.

The properties comprise proved reserves of 60 million barrels of oil equivalent and produced 24,000 barrels of oil equivalent per day on an average in the first quarter. (Reporting By Sneha Banerjee in Bangalore; Editing by Joyjeet Das)

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