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Unable To Find JV Partner; Eclipse To Develop Marcellus/Utica Alone
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Eclipse Resources Corporation provided an update to its 2015 Capital Budget, its first quarter 2015 estimated production and additional guidance on its operations in 2015.
Joint Venture ProcessOver the course of the last three months, Eclipse Resources has entered into discussions with several parties to explore the possibility of entering into a drilling joint venture on Eclipse's current acreage position. After completing a thorough review and analysis of the potential options available and receiving numerous proposals, Eclipse Resources does not intend to enter into such an arrangement at this time.
Commenting on the joint venture process undertaken by the Company, Benjamin Hulburt, Chairman and CEO said, "While there was significant interest in forming such a venture from numerous…
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