One-Page Deal Sheet
Eclipse Acquires PA Assets from Travis Peak for $93.7 Million In Stock
Eclipse Resources Corp. Travis Peak Resources LLC
Announced Date
December 11,2017
Effective Date
September 01,2017
Close Date
January 18,2018
Transaction Type
Acreage
Enterprise Value (EV)($MM)
94
Asset/Basin:
{"Appalachian Basin","Utica Shale"}
TargetZones:
{"Utica Shale"}
Net Acres
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
County
Potter ,Tioga
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Production ($/Mcfe/d)
Transaction Details: Require Private Equity Subscription
Eclipse has agreed to acquire a new Utica development area that spans 44,500 net acres in (dubbed Flat Castle) from Encap-backed Travis Peak Resources LLC in an all-stock transaction valued at $93.7 million.
Highlights: The acreage is located in Potter and Tioga counties, PA. Acreage is largely delineated by 22 industry Utica Shale wells (including the Painter 1H well drilled by Travis Peak) with the Company's preliminary analysis indicating gas in place exceeds the Southeast Ohio's Utica Shale Dry Gas "Core" area. Will acquire one proved developed producing well with approximately 6.5…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-24-2020 |
-  |
- |
Click here | Pennsylvania | E&P |
| Dec-19-2019 |
- |
- |
Click here | Ohio | E&P |
| Oct-21-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-08-2025 | Infinity Natural and Northern Oil & Gas Acquire Antero's Ohio Utica for $1.2B | - |
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| May-30-2025 | EOG Acquires Utica Liquids Focus Encino For $5.6 Billion | - |
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| Dec-05-2024 | CNX Acquires Apex’s Appalachian Gas & Midstream Assets for $505MM | - |
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