Deals - Acquisition, Mergers, Divestitures | Capital Markets | Capital Expenditure
Montage Selling Gathering Infrastructure for $25 Million, Lowers Capex
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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).
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