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Eclipse Mulls Adding Third Rig by 2018; Focused on Utica 'Super Laterals'
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Eclipse reported its Q2 2017 results. Highlights from its release / call include:
- Average net daily production was 287.8 MMcfe per day
- Will maintain 2 rig program for remainder of year
- Q2 Activity: Drilled 9 gross (8.6 net) operated Utica Shale wells and completed 6 gross (5.8 net) operated wells and turned to sales 9 gross (9.0 net) operated wells
May Add Third RigIn the Q2 call, Eclipse CEO Benjamin W. Hulburt commented: "We also have tentative plans where we could bring in a third rig and accelerate further. However, we have made no commitments to do that until we see what next year's commodities are. Obviously if gas in 2018 is in the 3s, we'd be more likely to do that."
Huge Laterals Currently DrillingIn the Q2 call, Eclipse CEO Benjamin W. Hulburt commented: "We are currentl…
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