Montage Sells Non-Core Utica Pipe Assets to Int’l Buyer for $25M

July 23, 2020July 23, 2020

Montage Resources, the new name for the merger of Eclipse Resources with Blue Ridge Mountain Resources which happened more than a year ago, announced yesterday it is selling its "non-core" wellhead gathering infrastructure (pipelines) in the Ohio Utica condensate development area to an unnamed international buyer for $25 million. The transaction is expected to close by the end of this year.

To view this content, log into your member account. (Not a member? Join Today!)