Eclipse plans to drill super-laterals in Utica shale
Thursday, February 16, 2017
Eclipse Resources plans to drill 11 wells with horizontal laterals that exceed 15,000 feet, according to Kallanish Energy.
It will drill three wells in the dry gas area of the Utica shale in eastern Ohio and eight in the Utica condensate area.
The company plans to spend $300 million total on its 2017 capital budget, which includes the cost of 19 net (22 gross) horizontal Utica wells and completing 1.9 net or (2.0) gross) Marcellus wells. The average lateral length of Eclipse wells drilled this year will be 13,300 feet.
Learn more: Kallanish Energy >Eclipse Resources to drill super-laterals in Utica Shale
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.