Eclipse Resources Releases Operations but not Financial Update

Using the same strategy used by Gulfport Energy that we noted yesterday, Eclipse Resources, a smaller but important Utica/Marcellus driller based in State College, PA but drilling mostly in the Ohio Utica, released an operational update yesterday--but not their financials. Typically the operations updates are the good news, and the financials are the bad news. Eclipse's operations update boasts an impressive 374% increase in production to 198.6 million cubic feet equivalent (MMcfe) per day in 2Q15 over 2Q14. Of particular note: Eclipse drilled a dry gas Utica well in eastern Monroe Country, OH with a 10,220 foot lateral (21,330 foot total measured depth), its longest lateral and deepest well to date--in just 17 days from Spud to Total Depth...

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