Eclipse Resources Breakout Notes
Benjamin W. Hulburt, chairman, president, and CEO of Eclipse Resources, (ticker: ECR) presented today at EnerCom’s The Oil & Gas Conference® 22.
Eclipse Resources is a natural gas-focused E&P company that holds acreage in eastern Ohio. Eclipse’s assets are in the Utica, with some acreage in a liquids-rich portion of the Marcellus.
During Q2, Eclipse averaged 287.8 Mmcfe per day—above its guidance range of between 265 and 275 Mmcfe per day. The company committed to a joint drilling venture with Sequel Energy Group to drill in Eclipse’s Utica acreage. Eclipse noted that it had begun completions activities on two of its super lateral wells, which have 19,100 foot and 19,500 foot lateral lengths.
During the company’s breakout session, management was asked the following questions:
- How do you see consolidation in the Utica playing out in terms of condensates?
- On the production side, are you doing anything to reduce the water disposal costs in the Utica?
- Have you run a RTA yet on longer laterals to see if you get a steeper slope and have you seen any pressure communication between wells?
- What are the uplifts you see on doing the longer laterals?
- Are you able to efficiently remain in target while drilling in the Utica?
- Is the new JV efficient to keep cash flows positive moving forward?
- Will the super laterals efficiently significantly increase midstream CAPEX?
- Do you have problems with plug and perf operations on the super lateral wells?
- What proppant sizes are you using in these plays?
Eclipse presented at EnerCom’s 2017 The Oil & Gas Conference®.
You can listen to the company’s presentation by clicking here.
