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Eclipse Ups 2014 CapEx as Utica Wells Pull in Strong Results
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Eclipse Resources Corporation has announced financial and operational results for the quarter ended September 30, 2014.
Highlights for the period include: Net production averaged approximately 85.8 MMcfe per day in the third quarter 2014, exceeding the Company's previously issued guidance and representing a 104% increase from the second quarter 2014 Average daily net liquids production was 3,079 barrels per day, exceeding the Company's previously issued guidance and representing 22% of total net production for the quarter Adjusted revenues grew to $36.3 million, representing a 39% increase from the second quarter 2014 Unit operating costs declined $0.25 per Mcfe, or 15% from the second quarter 2014 Adjusted EBITDAX grew to $13.1 million, representing an increase of 16% from the second…Finish this article — free account or subscription
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