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Montage Selling Gathering Infrastructure for $25 Million, Lowers Capex

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   |    Thursday,July 23,2020

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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