Benjamin Hulburt, Chairman, President and Chief Executive Officer of Eclipse Resources Corporation (NYSE: ECR), presented today at EnerCom’s The Oil & Gas Conference 20®.
Eclipse Resources is an independent exploration and production company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin, including the Utica and Marcellus Shales.
In the second quarter of 2015, Eclipse Resources’ adjusted revenue grew to $73.4 million (a 181% increase from Q2’14), net production averaged 198.6 MMcfe/d (a 374% increase) and annual production guidance increased by approximately 5% to a midpoint of 195 MMcf/d.
During the company’s breakout session, management was asked the following questions:
- Do you have any lease extension plans for next year? And what would those extension costs be?
- How have production volumes held up on your Sawyer Pad?
- What price would it take for you to complete your 21 gross condensate type wells in the Utica?
- Can you talk about how NGL infrastructure has built out over the last year?
- Has the low interest over the last five years changed your ability to produce gas?
- What kind of observations can you make for private capital, private equity and banks throughout the same circle?
Click here for the webcast.
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