Catarina's pre 2014 wells were performing significantly better than Anadarko's wells nearby. It stands to reason therefore that Catarina acreage is better than Anadarko's acreage, recently acquired by Sanchez.
Sanchez Energy may be able to repeat what it did in Catarina and improve well costs, as well as production per well. Problem is however that to date, its efforts in Catarina do not come close to bringing Sanchez Energy into the range of profitability at current oil & gas prices.
With the evidence thus far pointing to Anadarko's former Eagle Ford play being inferior geologically speaking compared with Catarina, this means that Sanchez acreage is now less profitable on average than it was before the deal.
That is not good news for a company which has had a hard time showing much profit thus far.
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