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Eclipse Resumes Drilling; Focus on Utica Dry-Gas Wells
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Eclipse Resources Corporation provided an operational update for the second quarter June 30, 2016.
Key Points: Since resuming operations in the 2nd quarter, the Company has drilled 2 gross (2.0 net) operated Utica Shale wells and is currently drilling its third well in the dry gas portion of its Utica Shale acreage. Highlights from the second quarter include: Net production averaged 236.1 MMcfe per day, which was 18% above our previously issued guidance, a 19% increase over the second quarter of 2015 and a 17% increase versus the first quarter of 2016 For the full year 2016, the Company is raising its production guidance by approximately 7% to 220 to 225 MMcfe per day Realized natural gas price, before the impact of derivatives and excluding transportation costs, averaged $1.56 per…- ✓ Full news archive — U.S., Canada & international coverage
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