Eclipse

Eclipse Sets Sights on Two-Rig Program, More ‘Super Laterals’ As Outlook Improves

After reviving its idled drilling program, increasing this year’s capital expenditures and starting work again on its drilled but uncompleted (DUC) wells during the second quarter, Ohio pure-play Eclipse Resources Corp. said Wednesday its recovery could gain significant speed by mid-year 2017.

August 3, 2016

Eclipse Raises Production Guidance After Restarting Drilling Program in 2Q2016

Appalachian operator Eclipse Resources Corp. is raising its 2016 production guidance by 7% after increasing its net daily production by 19% year/year during the second quarter, the company said Monday.

July 19, 2016
Eclipse Revives Drilling, Raises Capex; E&Ps Eye Rising NatGas Prices

Eclipse Revives Drilling, Raises Capex; E&Ps Eye Rising NatGas Prices

Ohio pure-play Eclipse Resources Corp. said late Tuesday it has revived its idled drilling program and plans to take advantage of the improving natural gas strip by working down its drilled but uncompleted (DUC) inventory and ending price-related production curtailments.

June 29, 2016
Push to Optimize Results During Downturn Led to Eclipse’s Behemoth Utica Well

Push to Optimize Results During Downturn Led to Eclipse’s Behemoth Utica Well

While the past two years have been marked by declining profits, drilling activity and workforces for the oil and gas industry, innovations have underscored the downturn as well, with producers relying on technology to help shore-up their balance sheets.

May 18, 2016
Push to Optimize Results During Downturn Led to Eclipse’s Behemoth Utica Well

Push to Optimize Results During Downturn Led to Eclipse’s Behemoth Utica Well

While the past two years have been marked by declining profits, drilling activity and workforces for the oil and gas industry, innovations have underscored the downturn as well, with producers relying on technology to help shore-up their balance sheets.

May 18, 2016

Eclipse Resources Thought to Have Drilled Longest Onshore Lateral in U.S., Possibly World

Eclipse Resources Corp. has drilled what could be the world’s longest onshore lateral in Ohio’s Guernsey County.

May 5, 2016

Eclipse Resources Thought to Have Drilled Longest Onshore Lateral in U.S., Possibly World

Eclipse Resources Corp. has drilled what could be the world’s longest onshore lateral in Ohio’s Guernsey County.

May 5, 2016

Eclipse Resources Focused on ‘Survival’ This Year

Ohio pure-play Eclipse Resources Corp. is planning to hunker down this year with a focus on preserving capital and protecting its asset base to ensure not just its “survival” but “prominence when the commodity cycle inevitably returns,” CEO Benjamin Hulburt said Thursday during the company’s year-end earnings call.

March 3, 2016

Ohio Pure-Play Eclipse Resources Faces NYSE Delisting

Ohio pure-play Eclipse Resources Corp. said it has received a delisting notice from the New York Stock Exchange (NYSE) because the price of its common stock has fallen below the continued listing standard.

February 29, 2016
Eclipse Reveals Steep Price-Related Impairments in 2015

Eclipse Reveals Steep Price-Related Impairments in 2015

Eclipse Resources Corp. revealed Thursday that “substantially lower commodity prices” led to a 58% writedown of its proved reserves as of Dec. 31 compared to 2014 year-end reported values.

January 25, 2016