Eclipse Resources Corporation: Update to credit analysis as review for upgrade continues
Blue Ridge merger to reduce event risk and create a larger Appalachia focused E&P company; capex outspend to continue through 2019.Eclipse Resources is an independent exploration and production company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. As of Dec. 31, 2017, the company had approx. 96,000 net acres in the Utica Shale fairway, which the company refers to as the Utica Core Area and approx. 15,500 acres in its Marcellus Area. As of Dec. 31, 2017, the company had an estimated 1.46 trillion cubic ft. equivalent of net proved natural gas, natural gas liquids and oil reserves, which comprised of 1.09 trillion cubic ft. of natural gas reserves, 41.9 million barrels of NGL reserves, 19.5 million barrels of oil reserves.
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