trending Market Intelligence /marketintelligence/en/news-insights/trending/lq-ma5odrl6men7oqyx9ua2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Eclipse Resources begins evaluation of strategic, financial alternatives

Q3: U.S. Solar and Wind Power by the Numbers

Path to Carbon-Free Power Generation by 2035

The Growing Importance of Data Centers for European & U.S. Renewable Projects

CAISO and ERCOT Power Forecasts by the Hour

Eclipse Resources begins evaluation of strategic, financial alternatives

Eclipse Resources Corp. launched a review process of possible strategic, operational and financial alternatives aimed at boosting the company's shareholder value.

Eclipse does not guarantee that the strategic review would end in a transaction or other actions, and there is no set timetable for the process, according to a March 26 news release. Also, the company is not pursuing the strategic review because of a deal proposal.

"Despite the challenging environment facing our industry over the last several years, our Company has made significant progress in increasing the scale of our assets, improving well performance, decreasing operational costs and increasing asset level returns," said Benjamin Hulburt, president and CEO of Eclipse. "We are proud of what we have accomplished and believe now is an appropriate time to explore alternatives to continue increasing shareholder value."

Jefferies LLC is serving as Eclipse's financial adviser, and Norton Rose Fulbright US LLP is acting as the legal counsel for the evaluation.