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Eclipse IDs 2016 Budget; Focus on Enhancing Utica Completions
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Eclipse Resources Corporation announced its fourth quarter and full year 2015 financial and operational results, its 2016 Capital Budget, the reaffirmation of its revolving credit facility borrowing base and updated first quarter and full year 2016 guidance.
2016 Plans Capital Expenditure: $168 million Wells Plan To Drill : 7.6 net wells Wells Plan to Complete : 9.4 net wells Production Guidance: 200 MMcfe/d Key Points: Company has established an initial capital budget of $168.0 million, which includes approximately $130 million for drilling and completion activities and approximately $35 million for land activities Initial capital budget includes capital expenditures to drill 7.6 net horizontal Utica Shale wells and complete 9.4 net horizontal Utica Shale wells in 2016. The Company…- ✓ Full news archive — U.S., Canada & international coverage
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