At its first investor day on March 20, Montage Resources laid out its “Focus Five”
strategy, comprised of cash flow and returns; cost and structure improvement and integration;
financial and operational flexibility; portfolio optimization; and enhancing scale
with disciplined growth.
In terms of cash flow and
returns, Montage plans to deliver
a 25% reduction in lateral lengths, with 2019 horizontals averaging 11,700 ft versus
15,400 ft in 2018, and decrease initial wells per pad from five or six to three or......
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