Post Tagged with: "Marcelllus"

Eclipse Resources Finds Its Marcellus Wells’ Decline Curve “Much Gentler” than Expected

Eclipse Resources Finds Its Marcellus Wells’ Decline Curve “Much Gentler” than Expected

Eclipse Resources Corporation (ticker: ECR) reported a net loss for Q1 2018 of $2.6 million, or $(0.01) per share. Average net daily production was 315.2 MMcfe/d, consisting of 72% natural gas and 28% liquids. The company had realized an average oil price, before the impact of cash settled derivatives, of $56.52 per barrel, a $6.39 per barrel discount to the average daily NYMEX WTI oil price during the quarter. As for NGLs, Eclipse realized an average price of $25.55 per barrel, or approximately 41% of the average daily NYMEX WTI oil price during the quarter. During the first quarter of 2018, the company commenced drilling eight gross (3.7 net) operated Utica Shale wells, commenced completions of eight gross (5.8 net) operated wells and turned to sales five gross (3.7 net) operated wells. Eclipse recently completed drilling its first Utica Shale well in Pennsylvania, in the Flat Castle project area. This[Read More…]

EnerCom Conference Presenter Focus: EQT Corporation

EnerCom Conference Presenter Focus: EQT Corporation

Focusing on Core Marcellus Acreage EQT Corporation (ticker: EQT) will be presenting at EnerCom’s The Oil and Gas Conference® 21 in Denver on Monday, August 15, 2016. EQT Corporation is major upstream and midstream oil and gas company that has operated in the Appalachian Basin for over 125 years. EQT uses advanced horizontal drilling technology to minimize the potential impact of drilling-related activities and reduce its environmental footprint. The company owns approximately 3.4 million gross acres, which include 630,000 gross acres in the Marcellus play, more than 13,000 gross productive wells, and 10.0 trillion cubic feet of proved natural gas, NGL, and crude oil reserves. The company holds acreage in Kentucky, Ohio, Texas, West Virginia, Virginia, and Pennsylvania. Highlights of the company’s 2Q 2016 activities include a 26% increase in production sales volume, an 11% increase in midstream gathering sales, and a 14% increase in transmission revenue. These results coincided with a[Read More…]