BREAKING NEWS

BREAKING NEWS

Eleven ‘Super-Lateral’ Wells for East Ohio

After drilling its 3.5-mile-long “Purple Hayes” well last year, Eclipse Resources now plans to bore 11 additional horizontal wells this year, each of which will stretch at least three miles from their points of entry into the earth.

In horizontal Marcellus and Utica shale drilling, contractors initially drill vertically to a certain depth in the earth, typically at least one mile beneath the surface. Drillers then bore outward horizontally from this position.

The 11 Eclipse “super-lateral” wells will stretch horizontally in the firm’s eastern Ohio operations, which include portions of Monroe, Belmont, Guernsey and Noble counties.

“As we move into the coming year, we are planning to accelerate our growth, both through the drill bit and through accretive acquisition opportunities as they arise. Eclipse Resources has demonstrated an industry leading operational proficiency in the Utica Shale, setting records on lateral lengths, well costs, completion designs and efficiency,” said Benjamin W. Hulburt, who serves as chairman, president and CEO of State College, Pa.-based Eclipse.

Eclipse plans to spend $300 million for drilling and fracking this year, while the firm holds 112,000 acres. During the last three months of 2016, the driller produced 255 million cubic feet of natural gas per day, including 71 percent dry methane natural gas; 18 percent liquids such as ethane, propane and butane; and 11 percent crude oil.

In December, Eclipse placed five wells on its “Holiday” pad, located in eastern Monroe County, into service. These wells are the first to see the company’s new “Gen-3” fracking technique.

“The organizational changes we have made will not disrupt that capability which we plan to continue to demonstrate this year with some exciting new operational milestones we plan to undertake in our drilling program. With these management changes, the company has placed an increased emphasis on its desire to grow both through the drill bit and through accretive acquisitions opportunities,” Hulburt added.

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