Montage

Montage Strikes Deal to Sell Utica Gathering Infrastructure

Montage Strikes Deal to Sell Utica Gathering Infrastructure

Appalachian pure-play Montage Resources Corp. has agreed to sell noncore natural gas gathering assets in Ohio’s Utica Shale to an undisclosed company for $25 million.  Montage said an international company agreed to purchase the infrastructure, which is in a condensate development area. The transaction is expected to close in 4Q2020. Proceeds would be used to…

July 27, 2020
Montage Turning Shut-in Production Back to Sales as Crude, NGL Prices Increase

Montage Turning Shut-in Production Back to Sales as Crude, NGL Prices Increase

Appalachian pure-play Montage Resources Corp. said rising oil and natural gas liquids (NGL) prices have prompted it to bring back production curtailed earlier in the year, which has led to an increase in full-year guidance.

June 3, 2020
Gulfport, Montage Curbing Oil, Gas Output to Await Better Prices

Gulfport, Montage Curbing Oil, Gas Output to Await Better Prices

Two more operators with dominant footprints in the Appalachian Basin have announced plans to curb some production as oil prices remain low and energy demand is weak because of the Covid-19 pandemic.

May 13, 2020
4Q2019 Earnings: Montage Resources Saw Gains in 2019 Despite Tough Commodity Environment

4Q2019 Earnings: Montage Resources Saw Gains in 2019 Despite Tough Commodity Environment

Appalachian pure-play Montage Resources Corp. on Friday touted 2019 as a year of transformation, as CEO John Reinhart called it a “significant inflection point” for the company’s operations following a merger between Blue Ridge Mountain Resources and Eclipse Resources that created the company.

March 9, 2020

Montage Slashing Appalachia Spending by 44%

Montage Resources Corp. has joined its Appalachian peers by announcing it will cut capital spending this year by nearly 50% from the midpoint of 2019 guidance.

February 5, 2020

Montage Slashing Appalachia Spending by 44%

Montage Resources Corp. has joined its Appalachian peers by announcing it will cut capital spending this year by nearly 50% from the midpoint of 2019 guidance.

February 5, 2020

Montage Slashing Appalachia Spending by 44%

Montage Resources Corp. has joined its Appalachian peers by announcing it will cut capital spending this year by nearly 50% from the midpoint of 2019 guidance.

February 5, 2020

Low Natural Gas Prices Lead Montage to Scale Back in Appalachia

Appalachian pure-play Montage Resources Corp. plans to run only one rig through the remainder of the year and in 2020 as it weathers the current low-cost commodity cycle.

November 12, 2019
Montage’s Appalachian Output to Increase Despite Spending Cuts

Montage’s Appalachian Output to Increase Despite Spending Cuts

Appalachian pure-play Montage Resources Corp. plans to slash spending by $30 million through the remainder of the year as natural gas prices stagnate, but production is expected to increase.

August 12, 2019

Montage Cites Weak Commodity Prices as Appalachia Activity Scaled Back

Sticking to its commitment to a disciplined growth strategy, newly formed Appalachia-focused Montage Resources Corp. plans to scale back its drilling program amid expected lower commodity prices for the second half of 2019.

July 9, 2019
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