Eclipse Resources Corp. (NYSE: ECR) detailed its 2015 production guidance, the company said April 14.
During the first quarter of 2015, about 160 million cubic feet equivalent per day (MMcfe/d) were produced, the company said. This was a 316% increase over first-quarter 2014, and a 29% increase over fourth-quarter 2014. Production included about 67% natural gas, 18% NGL and 15% oil.
There were 11 gross operated and nine gross nonoperated wells turned to sales during the period, the company added. Of those wells, 13 are in the condensate type curve areas, three are in the dry gas type curve areas and four are in the rich gas type curve areas.
For the full year 2015, Eclipse expects to produce 180 MMcfe/d to 190 MMcfe/d.
The company’s board of directors approved a capital budget of $352 million.
A drilling joint venture will not be pursued, Eclipse added.
During the year, about 19 net operated, and two net nonoperated, wells will be drilled. A total of 29 net wells (18 net operated, 11 net nonoperated) will go into sales.
State College, Pa.-based Eclipse Resources Corp. works in the Utica and Marcellus.
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