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Montage Resources Corp.
20 articles mentioning Montage Resources Corp.
Southwestern Finalizes Acquisition of Montage Resources
Southwestern Energy Co. has completed the acquisition of Montage Resources. The all-stock deal was valued at $857 million. Southwestern CEO Bill Way commented: "This strategic transaction represents another deliberate step in our disciplined repositioning strategy. We...
Montage Resources Third Quarter 2020 Results
Montage Resources Corp. announced its third quarter 2020 operational and financial results. Third Quarter 2020 Highlights: Merger with Southwestern Energy Company expected to close following Montage Resources shareholder vote on November 12, 2020 Average net daily...
Montage Resources Second Quarter 2020 Results
Montage Resources Corp. reported its Q2 2020 results. Second Quarter 2020 Highlights: Average net daily production was 551.7 MMcfe per day, above the midpoint of the Company's previously issued guidance range, consisting of 83% natural gas...
Montage Selling Gathering Infrastructure for $25 Million, Lowers Capex
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...
Bullish on Oil: Operators Turn on Taps After Curtailments
This week, several companies have announced that they are placing the majority of their curtailed production back online. They largely credit the improvement in oil prices as the catalyst. EOG Resources The company said it expects...
Montage Puts Production Back Online, Ups Guidance; Taps New COO
Montage Resources Corp. has increased its full year and second quarter 2020 production guidance and provided an organizational update. Updated Production Guidance: In connection with improving crude oil and NGL commodity prices, the Company began increasing...
Appalachia Focused Montage Adds to 2021 Gas Hedge Book, Increase 2020
1Q'20 prelim production was grew xxx % sequentially. Increased 2020 gas hedges to 65% of production at $2.62 per MMbtu Added 2021 hedges of ....
Marcellus-Focused Montage Cuts Capex, Drilling Activity
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...
Appalachia Operators Keep Capex Unchanged; Employ New Strategy
E&Ps that are focused on the Marcellus and Utica plays in the Appalachian region are reporting changes to their midstream gas gathering contracts in response to the increased market volatility. What is even more interesting is...
Montage Adjusts Gas Gathering Contracts; Adds to Hedges
Montage Resources Corp. has inked an amended gas gathering agreement with its midstream provider and has added to its hedge book. Gas Gathering Agreement The Company has recently completed the renegotiation of existing gas gathering contracts....
Montage Resources Details Fourth Quarter 2019 Results
Montage Resources Corp. announced its fourth quarter and full year 2019 operational and financial results. In addition, the Company will be posting an updated investor presentation to its corporate website. Fourth Quarter 2019 Highlights: Average net...
Montage Resources Reports Preliminary Q4 Production, Reserves
Montage Resources Corp. announced its fourth quarter and full year 2019 production and capital spending as well as its year-end 2019 proved reserves. Highlights of the release include: Net production for the full year 2019 averaged...
Montage IDs 2020 Capital Budget; Spending, Drilling Down Nearly 50% YOY
Montage Resources Corp. detailed its 2020 capital plan. 2020 Plans - Cuts Utica Op YOY in Favor of Marcellus Spending is down nearly 50% YOY and production is expected to grow a slim 6% from 2019....
Montage Resources Chairman Resigns; Successor Named
Montage Resources Corp. reported that Michael Jennings, Chairman of the Board, has resigned from the board of directors effective as of December 13, 2019 in order to focus his efforts on his recent appointment as CEO...
Montage: Q3 Output to be at High End of Guidance, Will Maintain One Rig into 2020
Montage Resources Corp. reported its preliminary Q3 highlights. Highlights: The Company anticipates third quarter 2019 production to be above the high end of the previously announced guidance of between 600-615 MMcfe per day and to exceed...
Montage's Credit Line Extended 25% to $500 Million
Montage Resources Corp.'s lenders in its revolving credit facility have completed the Company's fall borrowing base redetermination and unanimously approved a 25% increase in its borrowing base, increasing commitments from $400 million to $500 million. With...
Montage Resources Reports Q2 Results; Cuts 2019 Capex by 8%
Montage Resources Corp. reported second quarter 2019 financial and operational results along with initial third quarter 2019 and revised full year 2019 guidance. Edits Guidance: Spending Down, Production Up Full year 2019 production guidance of 535...
Montage Cuts Rigs 50% for 2H19; Increases Guidance for Q2 as Wells TIL
Montage Resources Corp. has announced a reduction in its planned activity level for the second half of 2019 as well as an ops update. Cutting 50% of Rigs for 2H19 Given increased operational efficiencies as well...
Montage Resources IDs 2019 Capex After Sealing Blue Ridge Deal
Montage Resources Corp., formerly Eclipse Resources, has detailed its initial 2019 financial and operating guidance. 2019 Plans - 2019 Capex: $375-400 million - 2019 Production: 500-525 MMcfe/d (up +16% from 2018) Note that Montage acquired 133...
Eclipse Resources Seals Blue Ridge Deal; Changes Name
Eclipse Resources Corp. has changed its name to Montage Resources Corp. This development directly follows the company's closure of its stratetic combination with Blue Ridge Mountain Resources. The company's stock is being traded on the NYSE...