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Eclipse Ups Production +36% YOY to 311 MMcfe/d; Details Financials
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Eclipse reported its Q4 and full year 2017 results.
Highlights: Average net daily production was 310.7 MMcfe per day, consisting of 77% natural gas and 23% liquids (up +36% from 229 MMcfe per day in 2016) Net income for the year was $8.5 million; and Adjusted EBITDAX1 for the year was $189.1 million. Capital expenditures for fiscal 2017 were $314.1 million, including $246.4 million for drilling and completions, $10.5 million for midstream expenditures, $55.9 million for land-related expenditures, and $1.3 million for corporate-related expenditures Proved reserves grew 211% over the previous year to approximately 1.46 Tcfe at SEC pricing and by 19% to approximately 1.46 Tcfe based on forward NYMEX strip pricing; Finding and Development costs, including revisions, for fiscal 2017…- ✓ Full news archive — U.S., Canada & international coverage
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