One-Page Deal Sheet
Eclipse, GSO Signs Drilling Partnership for Utica Acreage
GSO Capital Partners Lp Eclipse Resources Corp.
Announced Date
August 03,2017
Effective Date
November 01,2017
Close Date
December 28,2017
Transaction Type
JV - DrillCo
Enterprise Value (EV)($MM)
325
Asset/Basin:
{"Utica Shale"}
TargetZones:
{"Utica Shale"}
Transaction Details: Require Private Equity Subscription
Eclipse Resources has signed a Joint drilling agreement for its Utica Shale acreage in southeast Ohio with a Sequel Energy Group LLC (“Sequel”) (an affiliate of GSO Capital Partners, or “GSO”).
The deal was finalized on December 28, 2017.
Below are the terms of the DrilCo:
Committed funding from Sequel of up to $325 million to fund its proportionate share of two drilling programs comprising 34 gross wells in aggregate, commencing with wells currently in progress and extending through wells expected to be commenced through the end 2018. A mutual option for an additional third well program…| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |
| May-30-2025 | EOG Acquires Utica Liquids Focus Encino For $5.6 Billion | - |
- |
| Dec-05-2024 | CNX Acquires Apex’s Appalachian Gas & Midstream Assets for $505MM | - |
- |