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.
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 approximating 222,000 net acres in Eastern Ohio. Approximately 101,000 of those net acres are located in what we believe to be the most prolific and economic area of the Utica Shale fairway and approximately 27,000 of these net acres are also prospective for the highly liquids rich area of the Marcellus Shale in Eastern Ohio.
Eclipse has identified approximately 3,000 gross (800 net) remaining horizontal drilling locations across our acreage, comprised of approximately 2,500 locations within the Utica Core Area and ~600 locations within the Marcellus Project Area, with further upside through down spacing on it’s core Utica acreage. Since entering the play in 2011, Eclipse and its operating partners have commenced drilling over 185 wells in this 5 county area, which it believe to be the core of the Utica Shale play.