Eclipse Resources Corp. plans to spud its first well in the newly acquired Flat Castle project area this quarter. The acquisition of oil and gas interest on 44,500 net acres in Tioga and Potter counties, Pa., by Eclipse subsidiary Eclipse Resources-PA LP from Travis Peak Resources LLC closed on Jan. 18. Source: News

Philadelphia Energy Solutions LLC (PES), which operates two refineries in Philadelphia with a total of 335,000 b/d of capacity, reached financial restructuring agreements with holders of 100% of its Term A debt and more than 90% of its Term B debt, its PES Holdings LLC subsidiary reported on Jan. 22. Source: News

Five people remained missing after an explosion and fire on a drilling rig at a natural gas well in Pittsburg County, Okla., west of Quinton. The blast happened about 9 a.m. Jan. 22. Source: News

Crude oil prices rose on the New York and London markets Jan. 22 after the International Monetary Fund increased its world economic growth forecast saying the economy could grow by 3.9%/year in 2018 and 2019, up 0.2% from its previous estimate. Source: News

PennEast Pipeline has received US Federal Energy Regulatory Commission construction approval 3 years after filing with agency. The roughly 120-mile natural gas pipeline begins in the Marcellus Shale near Dallas, Pa., and connects with Williams Co.’s Transco Pipeline near Pennington, NJ.  Source: News