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SE - Montage Resources Highlights - November 12, 2019
Montage Resources reported Q3 production of 621.7 MMcfe/d, above the high end of its 600-615 MMcfe/d guidance. It plans to continue running a single rig in Appalachia into 2020. CEO John Reinhart said the production beat was driven by continued benefits of the successful integration of Eclipse Resources and Blue Mountain Resources assets, including “significant efficiency gains, cost reductions and shortened cycle times coupled with the ongoing well outperformance.” Eclipse and Blue Mountain merged......
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