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.

Download Eclipse Resources PDF Winners Page

http://www.eclipseresources.com/

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