The Oil and Gas Financial Journal Transaction of the Year, Northeast 2013
Awarded to: Eclipse Resources
Oil & Gas Awards Judges Comments
“Eclipse increased it acreage holdings in its core area of the Utica shale play. This should provide them with increased opportunity for growth. They also acquired producing reserves. The cash f low from this production should be favourable to their cash flow, especially in light of the increased debt it incurred as a result of this transaction.”
“Eclipse Resources added to its 41,000 net acres in Belmont, Guernsey, Monroe and Noble counties in Ohio with the acquisition. It now holds close to 90,000 net acres in these core counties and adds acreage in Harrison County. It appears Eclipse has the resources and experience to drill wells on the acreage that perhaps Oxford did not. The addition of Marty Byrd shortly after the acquisition should be a positive, as well, as he previously served as vice president, land, Eastern Division-Appalachian Basin for Chesapeake Energy.”
Eclipse Resources – Corporate Overview
Eclipse Resources (Eclipse) is an independent oil and gas company engaged in the acquisition, exploration and production of oil and natural gas in the Appalachian region of the United States. Our strategy is to consistently grow our reserves, while maintaining a low-cost structure and protecting the environment and communities in which we operate.
Since its inception in 2011, Eclipse has quickly evolved from a startup to being one of the top five acreage owners in the Utica Shale play with over 98,000 net acres in the “core” of the fairway. Additionally, Eclipse has grown to be one of the largest conventional oil and gas producers in the state of Ohio.
Eclipse is led by an experienced executive management and operations team with over 160 years of combined operational, engineering, land, legal and financial expertise and extensive Appalachia experience and is backed by EnCap Investments, a leading provider of private equity to the independent sector of the U.S. oil and gas industry.
Northeast 2013 Winners
- Award for Drilling Excellence - Baker Hughes
- Award for Excellence in Corporate Social Responsibility - Range Resources Corporation
- Award for Excellence in Environmental Stewardship - Anadarko Petroleum Corporation
- Award for Excellence in Health & Safety Operational - Range Resources Corporation
- Award for Excellence in Health & Safety Products - Cartasite
- Construction Company of the Year - Cenergy
- Consultancy of the Year - McTish, Kunkel & Associates
- E&P Company of the Year - Range Resources Corporation
- Engineering Company of the Year - Civil & Environmental Consultants, Inc.
- General Industry Service Award - Resource Environmental Solutions
- Industry Supplier of the Year - Total Equipment Company
- Law Firm of the Year - Cara C. Davis
- Manufacturer of the Year - Worthington Industries
- New Technology Development of the Year - General/Products - HalenHardy, LLC
- Oilfield Service Company of the Year - Halliburton
- Recruitment Agency of the Year - Drill Baby Drill Staffing
- Specialty Industry Supplier of the Year - The National Lime and Stone Company
- The IPS Engineering / EPC Midstream Company of the Year - NiSource Midstream Services
- The Oil and Gas Financial Journal Transaction of the Year - Eclipse Resources
- The Preferred Technology Award for Excellence in Well Completion - FTS International
- The Progressive Energy & Natural Resources Industry Leader - Dave Spigelmyer - Marcellus Shale Coalition
- The Progressive Global Energy & Natural Resources Future Industry Leader - Brandon Davis - URS
- Trucking Company of the Year - QC Energy Resources
- Water Management Company of the Year - Hydro Recovery LP