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ES - Montage Resources Highlights - June 23, 2020
Following an increase in oil and NGL prices, Montage Resources has returned substantially all of its curtailed production to sales as of June 1. The company had shut in low-margin production in liquids-rich areas in April, but it increased its condensate output in May as prices improved. With all volumes back online sooner than expected, Montage increased full-year 2020 production guidance to 565-585 MMcfe/d, up 2% at midpoint from prior guidance of 555-575......
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