One-Page Deal Sheet
Eclipse Hunting For Cash, Sells Utica Acreage In Monroe and Noble County, OH
Not Disclosed Eclipse Resources Corp.
Announced Date
December 19,2016
Close Date
December 19,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
64
Asset/Basin:
{"Utica Shale"}
TargetZones:
{"Utica Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Ohio
County
Noble ,Monroe
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Require Private Equity Subscription
Eclipse Resources has reported that it has sold 9,900 net acres in eastern Noble County and western Monroe County, Ohio for approximately $63.8 million to an undisclosed buyer.
The assets sold were predominately undeveloped acres in the Utica Shale formation and included de minimis net production of approximately 1,000 Mcfe per day.
The company intends to use the funds for general purpose and fund operations. The company has not yet issued guidance for 2017.
Benjamin W. Hulburt, Chairman, President & CEO commenting on the sale, "We are excited to complete this non-core acreage divestment…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-24-2020 |
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Click here | Pennsylvania | E&P |
| Dec-19-2019 |
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| Oct-21-2019 |
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| Jul-19-2019 |
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| Jul-19-2019 |
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