Last week Eclipse Resources, a small but important driller primarily focused on the Ohio Utica Shale play, announced they are floating senior notes (IOUs) in an attempt to raise $650 million (see Eclipse Resources Floats $650M in New IOUs). Poof! There goes $100 million. On Friday Eclipse said they thought about it and they now want to raise $550 million with those notes, not $650 million as previously advertised…
Last week Eclipse Resources, a small but important driller primarily focused on the Ohio Utica Shale play, announced they are floating senior notes (IOUs) in an attempt to raise $650 million (see 