U.S. shale player Sanchez Energy said that it expects to cut spending next year, after reporting a record-setting rate of production in the third quarter. “As 2017 draws to a close, we expect capital spending to be between $525 million and $550 million for the full year,” CEO Tony Sanchez III said in a statement . “We anticipate that 2018 capital spending will be $75 million to $100 million less than 2017.” Sanchez is one of the larger operators in the Eagle Ford shale basin in Texas and added more than 300,000 acres to its portfolio through a March acquisition from rival shale player Anadarko Petroleum. The company said third quarter production increased 43 percent over the same period […]