The grim outlook for natural gas prices, along with management’s desire to protect the balance sheet, has prompted Eclipse Resources Corp. to cut its full year capital expenditures forecast by 20%.
Hulburt
Articles from Hulburt
Eclipse Resources to Idle Rig Through 1Q2016, Focus on DUCs For Growth
Eclipse Resources Corp. will idle its one-rig drilling program through 1Q2016 as it looks to its inventory of drilled but uncompleted (DUC) wells to maintain production growth while waiting out the pricing downturn.
November 12, 2015
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