Eclipse Resources Focus on Utica in 2Q14: Revenue & Production Up

Eclipse Resources, a driller based in State College, PA and focused solely on the Marcellus and Utica Shale plays in the northeast, released their second quarter financial and operational update yesterday. Among the highlights: Eclipse drilled (or began drilling) 24 Utica Shale wells in 2Q14. From start to finish, they now average just 23 days to drill a well. The company now has nearly 100,000 acres under least–most of it with Utica potential, about a quarter of it with Marcellus potential. Revenue was up, production is up–things are looking up for Eclipse…

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