Exploration & Production | Top Story | Forecast - Production | Capital Markets | Capital Expenditure | Private Equity Activity
Eclipse Resources 2015 Capital Budget; Down 20%
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Eclipse Resources Corporation announced that its Board of Directors has approved a capital budget for 2015 of $640 million, a decrease of 20% from its 2014 capital budget. As of result of the Company's improvement in capital and drilling efficiencies, the Company expects to deliver year-over-year production growth of 240 - 290% in 2015.
The Company expects that net production for 2015 will consist of approximately 60% natural gas, 20% condensate and oil, and 20% natural gas liquids.
Capital Spending & Drilling PlansThe 2015 capital budget assumes Eclipse Resources and the operators of its non-operated properties will turn 124 gross (58 net) wells to sales during the year. The 2015 capital budget is allocated 94% to Utica Shale drilling and completions and 6% to land related activities…
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