Eclipse, Sequel form joint venture in Utica shale play

Eclipse Resources has signed an agreement with Sequel Energy Group to establish a joint venture to drill in southeastern Ohio’s Utica shale play, reports the Youngstown Business Journal. The newspaper says Sequel has committed up to $325 million to fund its portion of two drilling programs that include 34 existing wells and others to be developed through the end of 2018. For more, read the full story.