Sanchez Energy

Focused on the Eagle, but also in Montana:

While the public company is mostly focused on the Eagle Ford, it also holds a small position in the Haynesville play and approximately 82,000 net acres under lease in northern Montana prospective for the Heath, Three Forks and Bakken shale.

The company has taken a "wait and see" approach to these leaseholds, electing not to drill or invest capital beyond extending the leases, until it sees what kind of success other operators have. Infrastructure such as rail capacity to bring oil to market also remains an issue for this area.