Eclipse

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.

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.

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.

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.

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.

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

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

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.

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.