appalachian basin

Eclipse Resources Expands Its Position In The Appalachian Basin, What To Expect.

As Wall Street discounts stacked pay by punishing high cost per acre, Eclipse Resources made an interesting play in January to lower their average per-acre costs that stirred investors. After announcing their acquisition of Travis Peak’s 44,500-net-acre, $93.7 million Flat Castle project in Northeast Pennsylvania, their stock dipped initially before jumping 20%. This $1,900-per-acre cost is less than the recent deals targeting the Utica in the Appalachian Basin. After their