Montage Resources Cuts Rigs from 2 to 1, Spending $30M Less

Map showing extent of Marcellus Shale in Ohio (click for larger version)

Montage Resources, which formed in a merger of Eclipse Resources and Blue Ridge Mountain Resources (formerly Magnum Hunter Resources) in March of this year, issued their second quarter update yesterday–the first full quarter for the newly merged entity. The company released an operational update several weeks ago to announce they are cutting back from two to one active drilling rig in the second half of 2019 (see Montage Resources Cuts Drilling Program to 1 Rig in 2nd Half 2019), which they reiterated in yesterday’s update.

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment