By Tyler Losier, Energy Reporter, Oil & Gas 360 Denver-based company taps new COO, CFO Meritage Midstream Services, a private energy infrastructure company backed by equity from Riverstone Holdings LLC, has appointed two new executives to the company’s leadership team. Matthew DeNezza, former chief financial officer at Eclipse Resources Corporation, will take over as Meritage’s new CFO. T. Jeffrey Layne,
Eclipse Resources Corp. (NYSE: ECR) Company Overview Eclipse Resources is a pure play oil and gas E&P company focused on applying state of the art technologies and constant innovation to resources in the Appalachian region of the United States. Eclipse is currently focused on the Utica and Marcellus Shales of southeast Ohio. 150,000 net acres 347 extended reach locations Proved
Eclipse Resources Corporation (ticker: ECR) reported a net loss for Q1 2018 of $2.6 million, or $(0.01) per share. Average net daily production was 315.2 MMcfe/d, consisting of 72% natural gas and 28% liquids. The company had realized an average oil price, before the impact of cash settled derivatives, of $56.52 per barrel, a $6.39 per barrel discount to the
Super laterals made the difference: Eclipse had eight of Q4 2017’s top ten producing wells in Ohio – Hulburt Eclipse Resources Corporation (ticker: ECR) successfully drilled its longest Utica Dry Gas well to date. The Wiley D 8H had a total measured depth of approximately 30,130-feet and a lateral extension of approximately 19,335-feet in 20.5 days from spud to total
Eclipse Resources Corporation (ticker: ECR) had a net income for 2017 of $8.5 million, or $0.03 per share. For reference, the company had a net loss of $206.7 million, or $(0.86) per share for 2016. The fourth quarter of 2017 showed a net loss of $13.1 million, or $(0.05) per share. In Q4 2016 the company had a net loss
Eclipse Resources Corporation (ticker: ECR) announced today that it has, through certain subsidiaries, entered into definitive agreements with Sequel Energy Group LLC (an affiliate of GSO Capital Partners LP) on December 22, 2017 to establish the previously announced drilling joint venture on the company’s Utica Shale acreage in Guernsey and Monroe Counties in southeast Ohio. Drilling joint venture highlights Committed
$93.7 million for Flat Castle core Utica project area Eclipse Resources Corporation (ticker: ECR) announced that the company and Eclipse Resources-PA, LP, a wholly owned subsidiary of the company, have entered into a definitive purchase and sale agreement to acquire certain oil and gas leases, wells, and other oil and gas rights and interests covering approximately 44,500 net acres located
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
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
Approach Resources Approach Resources (ticker: AREX) exceeded its production guidance for Q2, with production at 11.9 MBOEPD, and dropped its lease operating cost below guidance as well, at $3.92 per BOE. Approach drilled a total of eight wells and completed another five. One of the completed wells was in the Wolfcamp A bench, two more in the Wolfcamp B bench,
Centered in Eastern Ohio, Eclipse Resources (ticker: ECR) holds approximately 113,500 net acres in the Utica shale, with approximately 14,000 prospective net acres in the liquids rich Marcellus. The company entered the Utica play in 2011 and, since then, has drilled over 225 wells in the area. During Q1, 2017, Eclipse averaged 290 Mmcfe per day—which topped the company’s Q1,
A detailed look into the drilling of the industry’s longest onshore lateral – an exclusive interview with Eclipse Resources’ COO Tom Liberatore, Halliburton VP Tony Angelle, and Deep Well Services’ Matt Tourigny As oil and natural gas producers search for ways to create profitability in today’s market, drillers are looking to make each well they drill more economic than the
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