At the end of March, Eclipse Resources Corp.’s board of directors hired legal and financial advisers to help it review strategic and financial options, according to Pittsburgh Business Times.

The Pennsylvania-based natural gas and oil exploration and production company hired Jeffries LLC as its financial adviser and Norton Rose Fulbright as its legal counsel. Eclipse said in a statement there is no assurance the review by the board will result in a transaction or other strategic alternative, and the Board has not set a timetable for completion of the review process.

The company believes it had reached a point in its drilling program that it could benefit from a larger scale and faster execution.

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