Deals - Acquisition, Mergers, Divestitures | Capital Markets | Capital Expenditure
Montage Selling Gathering Infrastructure for $25 Million, Lowers Capex
Email
Print 
Bookmark
In an effort to raise cash, Montage Resources is selling wellhead gathering infrastructure in the Ohio Utica condensate development area for $25 million.
FY 2020 Guidance
The company is also lowering its capital program from $130 million (mid-point of the guidance) from $140 million.
Q2 2020 Est.
Production is expected to average 545 MMcfe/d during the second quarter, which will be down -10% from first quarter production of 610 MMcfe/d).
Related Categories :
Capital Expenditure
More Capital Expenditure News
-
Top Gas E&P To Keep 2025 Drilling & Completion Program Flat; Rigs & FRac Crews -
-
E&P To Increase 2025 Drilling & Completion Activity -
-
This Large E&P Will Run 10 Rigs & 6 Frac Crews In 2025 -
-
Large Permian E&P Talks 1Q'24; 282 Wells Planned for 2024 -
-
CNX Resources Cut Frac Activity 50%, Talks 1st Quarter Activity -
Northeast News >>>
-
Silent Surge: Operator Tops Antero in Utica Well Performance
-
Gas Players : A Comparative Analsysis
-
Expand Energy Talks, Wells, Frac Crews, Production For 2H-2025 -
-
A Quarter of Quiet Strength: CNX’s Patient Ascent in Appalachia -
-
Liberty Energy: Navigating the Frac Downturn with Efficiency, Innovation, and Strategic Focus -
