Eclipse Resources buys Oxford Oil, Adds Another 49K Utica Acres

subsidiaryState College-based Eclipse Resources, previously with 41,000 Utica Shale acres in eastern Ohio, has just picked up another 184,000 acres in Ohio by buying out The Oxford Oil Company. Some 49,000 of those new acres are in Belmont, Guernsey, Monroe and Noble counties–Utica-rich areas in the eastern part of the state.

According to the Eclipse announcement, Oxford Oil will be renamed Eclipse but will become a subsidiary, continuing to function as before. According to Eclipse CEO Ben Hulburt, this purchase makes Eclipse one of the largest acreage holders in the “core” of the Utica Shale play…

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