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Eclipse Delaying Utica Completions; Tighter Spacing
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Eclipse Resources Corporation has provided an operational update.
Operational Update The Company is continuing to execute on its drilling plan for the year, and strongly believes that it is on pace to meet or exceed both its second quarter and annual guidance. For the month of April 2015, the Company estimated that its net production averaged approximately 190 MMcfe per day compared to its first quarter 2015 average of 159.6 MMcfe per day, or a 19% increase. The Company’s previously issued guidance for the second quarter of 2015 is 170 – 180 MMcfe per day. Based on the results for the quarter to date, the Company expects to be at the high-end of its previously issued guidance for the quarter. Additionally, the Company recently finished completion operations on its Sawyers pad in Monroe…Finish this article — free account or subscription
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