Montage Resources to Operate Just 1 Rig in 2020

Montage Resources, which formed in a merger of Eclipse Resources and Blue Ridge Mountain Resources (formerly Magnum Hunter Resources) in March of this year, announced in July they would cut 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). They did. Last week the company, which is totally focused on the Marcellus/Utica region, issued its third quarter update and announced they will continue to operate just one rig in 2020.

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