Eclipse Resources

What Eclipse Resources does

Eclipse Resources is a United States-based, publicly traded upstream oil and energy company (NYSE: ECR) headquartered in State College, Pennsylvania. Founded in 2011 by Benjamin Hulburt, who serves as President and CEO, the company's core business is oil property acquisition and the exploration, development, and production of hydrocarbon resources. Eclipse operates with a headcount of 101-250 employees and is classified as a for-profit entity in the oil and energy sector.

The company's business model centers on identifying, acquiring, and developing oil and gas acreage, with revenue derived from the sale of produced crude oil, natural gas, and natural gas liquids to commodity markets and midstream counterparties. Capital intensity is significant, as evidenced by a $440 million capital raise completed in January 2015 to fund acreage acquisition and development drilling. As a public NYSE-listed independent E&P, Eclipse Resources competes on the basis of its acreage position, drilling and completion efficiency, and realized commodity pricing net of hedging and basis differentials. Specific basin focus, production volumes, hedging program, and unit economics are not disclosed in the available input data.

The input does not include detailed product/technology architecture, customer rosters, partnership disclosures, or pricing terms. As such, the description above is limited to the verifiable firmographic and capital-markets facts present in the source material; deeper operational, technical, and commercial detail would require primary filings (10-K, investor presentations) and operational disclosures not provided here.

Name

Eclipse Resources

Website

https://eclipseresources.com

Company type

Private

Founded year

2011

Headcount range

101–250 employees

Short description

Eclipse Resources is a publicly traded (NYSE: ECR) US upstream oil and energy company founded in 2011 that acquires and develops oil and gas properties, operating from State College, Pennsylvania.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas

NAICS

Oil and Gas Extraction (2111), Crude Petroleum Extraction (211120)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM)

Keywords

• Oil and gas exploration
• Upstream energy production
• Oil property acquisition
• Natural gas extraction
• Hydrocarbon development

Headquarters

HQ city

State College

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain

Core offering

Eclipse Resources is an oil and energy company engaged in oil property acquisition services. The company is positioned in the upstream energy sector, operating from State College, United States, and is publicly traded on the NYSE under the ticker ECR. Founded in 2011, it has grown to a workforce of 101-250 employees and is classified as a for-profit, public oil and energy firm focused on acquiring and developing oil and gas properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil Property Acquisition Services

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights2 records

Direct peers

• Gulfport Energy: Independent upstream operator with concentrated exposure to the Utica and SCOOP shale plays in Ohio and Oklahoma. Comparable as a small/mid-cap gas-and-liquids focused E&P competing for capital in the public markets.
• Southwestern Energy: Independent E&P with significant natural gas production from the Marcellus Shale in Pennsylvania and the Fayetteville Shale in Arkansas. Comparable as a gas-weighted, multi-asset producer competing in the same upstream space.
• Antero Resources: Pure-play Appalachian E&P producer of natural gas, NGLs, and oil from the Marcellus and Utica shales in West Virginia and Ohio. Directly comparable given overlapping operating area and gas-weighted production mix.
• Range Resources: Independent upstream E&P focused on the Appalachian Basin (Marcellus and Utica shales) in Pennsylvania. Directly comparable as a similarly sized, gas-weighted producer operating in the same core geography as Eclipse Resources.
• CNX Resources: Appalachia-focused independent E&P producing natural gas from the Marcellus and Utica shales in Pennsylvania and West Virginia. Closely comparable in basin focus, asset type, and capital structure profile.
• Cabot Oil & Gas: Independent E&P with a long-standing natural gas position in the Marcellus Shale of Pennsylvania. Direct peer in terms of basin and product mix, though historically larger in scale than Eclipse.
• EQT Corporation: Largest natural gas producer in the United States and the dominant operator in the Appalachian Basin. A direct peer in the same core operating area, though substantially larger and now vertically integrated midstream.

Broad incumbents

• Chesapeake Energy: Diversified independent E&P with a significant Appalachian gas position alongside assets in other basins. A broader incumbent peer that overlaps with Eclipse in the Marcellus/Utica but operates a multi-basin portfolio.
• Coterra Energy: Diversified independent E&P with operations across the Marcellus Shale (Pennsylvania), Permian Basin, and Anadarko Basin. Overlaps with Eclipse in the Marcellus but operates a much larger, multi-basin portfolio.

Emerging players

• Comstock Resources: Independent natural gas E&P focused on the Haynesville Shale. Thematically comparable as a gas-focused upstream operator, but operating in a different basin (Haynesville) than Eclipse's Appalachian assets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eclipse Resources