Production Rates | Capital Markets | Capital Expenditure | Capex Decrease | Capital Expenditure - 2020
Marcellus-Focused Montage Cuts Capex, Drilling Activity
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Montage Resources Corp. has provided updated operational and financial guidance in response to current market conditions.
Updated 2020 Plan Highlights:
Revised full year capital spend of between $145 - $165 million, an approximate 23% reduction at the midpoint versus the previously spend of between $190 - $210 million Reaffirms full year production of between 570 – 590 MMcfe per day, primarily driven by expected outperformance in first quarter 2020 production, further improved cycle times for remaining 2020 turn-to-sales, and gassier 2020 well mix front-loaded one rig drilling program Net production volumes for 2020 are expected to be between 570 to 590 MMcfe per day with approximately 82% of 2020 production from natural gas and approximately 18% from oil and natural gas…- ✓ Full news archive — U.S., Canada & international coverage
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