Eclipse Resources Corporation Reports Production Results for the Fourth Quarter and Full Year of 2016; Provides Production Guidance for the First Quarter of 2017; Provides Production and Capex Guidance for the Year 2017
For the year, the company reported net production for the full year 2016 averaged 229 MMcfe per day, which was above the midpoint of previously issued guidance range. While the production mix for the full year 2016 was 73% natural gas, 17% natural gas liquids and 10% oil.
For the first quarter, the company expects production of 260 MMcfe per day to 275 MMcfe per day.
For the year, the company expects production of 305 MMcfe per day to 315 MMcfe per day. CAPEX of $300 million.