Corporate Headquarters
2121 Old Gatesburg Road, Suite 110
State College, PA 16803
(866) 590-2568

Eclipse Resources

Eclipse is an independent exploration and production company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. Its business strategy is to create stockholder value by aggressively developing its asset base while generating industry-leading rates of return on our capital.

Brief History

Eclipse began assembling our acreage position in 2011 based upon an analytical evaluation of the shale properties within the Utica and Point Pleasant formations across Eastern Ohio, and based upon this evaluation, concentrated its acquisition efforts in an area spanning parts of 5 counties that it believes is the most prolific region of the play. This area includes parts of Noble, Guernsey, Monroe, Belmont and Harrison Counties. Eclipse has assembled an acreage position in Eastern Ohio of approximately 103,000 net acres located in what we believe to be the most prolific and economic area of the Utica Shale fairway and approximately 13,000 of these net acres are also prospective for the highly liquids rich area of the Marcellus Shale in Eastern Ohio.

Eclipse has identified approximately 437 net remaining horizontal drilling locations across our acreage, while extending our type curve lateral length to over 10,000 feet and improving our cost per lateral foot. Since entering the play in 2011, Eclipse and its operating partners have commenced drilling over 215 wells in this 5 county area, which it believe to be the core of the Utica Shale play.

Competitive Strengths

    • Net production averaged approximately 208 MMcfe/d per day in 2015, a 186% increase from 2014, and exiting 2015 at approximately 270 MMcfe/d per day
    • Grew revenues to $255 million for 2015, an 85% increase over 2014
    • Proved reserves of 348 Bcfe as of December 31, 2015
    • Liquidity of $281 million as of December 31, 2015
    • Reduced operated well costs by approximately 22% from 2014 to 2015
    • Proven management team with substantial Utica and Appalachian Basin experience

      Homepage Boxes

      • CEO Benjamin Hulburt Hart Energy Interview
      • Eclipse Resources E&P Company of the Year
      • CEO Benjamin Hulburt Speaker at ENERCOM
      • EditorsChoice
        Superlateral Ushers in Step Changes in Well Costs
      • Utica_Reserve_Estimates_Soar
        Utica Reserve Estimates Soar
      • Utica_Shale_Bulks_Up
        Utica Shale Bulks Up