Montage Opens Up the Taps – Shut-in Utica Wells Now Back Online
In April, Montage Resources shut-in "low margin production" wells in its liquids-rich producing area. The shut-ins primarily impacted Utica condensate production. In early May during the company's first-quarter update conference call, CEO John Reinhart said the company had begun to restart some of the shut-in or "curtailed" production (see Montage Res. Drilled 4 Utica Wells in 1Q, Budget Cut Another 10%). Good news. As of June 1, "substantially all" of the shut-in production is now back online.
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