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Eclipse Completes Seven Wells in 3Q; Preps for 2016
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Eclipse Resources Corporation announced its third quarter 2015 financial and operational results.
Key Points: During the third quarter of 2015, the Company commenced drilling 5 gross (4.5 net) operated Utica Shale wells, completed 7 gross (6.5 net) wells, and turned-to-sales 4 gross (3.4 net) wells. We have commenced our budgeting process for 2016 and intend on taking a disciplined and financially prudent approach in order to preserve our financial strength. Highlights for the quarter include: Third quarter of 2015 net production averaged 225.2 MMcfe/d, which was approximately 5% above the high end of the Company's previously issued guidance range for the quarter and represents a 163% increase to the third quarter of 2014 and a 13% sequential increase over the second quarter 2015. For…- ✓ Full news archive — U.S., Canada & international coverage
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