Eclipse Resources' New Utica Wells Show Promise

STATE COLLEGE, Pa. -- Eclipse Resources Corp. reported Monday that two well pads recently placed into commission in Ohio's Utica shale are pumping gas at a combined rate of 52.6 million cubic feet per day.

The Shoyer pad's two wells in Monroe County collectively produced on average 42.5 million cubic feet per day, the company said. The wells are located in the Utica's dry gas curve with average lateral lengths of 7,819 feet and have been flowing into sales between 10 and 20 days. Both wells have exhibited shallow pressure declines, indicating a strong reservoir and effective completion.

Eclipse's Mizer pad in Harrison County contains five Utica wells, which together produced an average of 10.1 million cubic feet per day and 1,800 barrels of condensate. Eclipse reported that production of those wells should improve as water rates decline.

"I am excited by our team's continued focus on executing our plan and putting wells into sales on, or in advance of, our timelines," said Benjamin Hulburt, president, CEO and chairman of Eclipse. "Our Shroyer wells are our longest laterals to date and mark our fifth and sixth operated wells in our dry gas-type curve area, more than any other producer in the Utica Shale."

He noted the Mizer wells are our first operated wells in the company's condensate-type curve area, and are producing at higher initial liquids yields than expected, Hulburt said. "Based on these initial results, we are encouraged that all seven of the announced wells should produce in line with our type curve expectations and are hopeful that the Mizer condensate rates will continue to exceed our expectations," he said.

Published by The Business Journal, Youngstown, Ohio.
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