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PS - Montage targets 16% production growth, cash flow neutrality - April 2019
At its first investor day on March 20, Montage Resources laid out its “Focus Five” strategy that is 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......
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