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Utica E&P To Drill & Complete 24 Wells In 2016; Tap DUCs
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Eclipse Resources Corporation today is updating its capital expenditure and drilling plans for 2016.
During the second quarter, the Company recommenced its operated drilling program and is currently drilling its second well in the program in the dry gas area of Monroe County, Ohio. Additionally, the Company commenced completion operations on its drilled but uncompleted wells and has completed two wells in the ongoing program to date
Capital expenditure has been increased by $28 million to $168 million.
Wells Plan to Drill : 10 to 12 net wells (FY-2016)
Wells Plan To Complete : 21 to 24 net wells from DUCS (FY-2016)
Production : 205 to 210 MMcfe/d
Hedging
Approximately 170,000 MMBtu per day of natural gas hedged at an average floor price of $2.84 per MMBtu in 2017 which represents…
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