Eclipse Resources (ECR) Provided Operational Update, Amends Guidance
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Eclipse Resources Corporation Announces Public Offering of Common Stock
June 28, 2016 4:08 PM EDTSTATE COLLEGE, Pa.--(BUSINESS WIRE)-- Eclipse Resources Corporation (NYSE: ECR) (Eclipse Resources or the Company) announced today that it has commenced an underwritten public offering of 37,500,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 5,625,000 shares of the Companys common stock.
The Company intends to use all of the net proceeds from the offering, including any net proceeds from the underwriters exercise of their option to purchase additional shares, to fund a portion of the Companys capital... More
Eclipse Resources Announces Operational Update and Amended Guidance
June 28, 2016 4:07 PM EDTSTATE COLLEGE, Pa.--(BUSINESS WIRE)-- Eclipse Resources Corporation (NYSE: ECR) (the Company or Eclipse Resources) today is pleased to provide the following operational update, revised capital expenditure plan for 2016 and amended guidance.
During the second quarter, the Company recommenced its operated drilling program and is currently drilling its second well in the program in the dry gas area of Monroe County, Ohio. Additionally, the Company commenced completion operations on its drilled but uncompleted wells and has completed two wells in the ongoing program to date... More