Montage Resources Corporation Increases Second Quarter and Full Year 2020 Production Guidance
Montage Resources Corporation (MR)
Last montage resources corporation earnings: 3/5 04:04 pm
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Source: Business Wire
IRVING, Texas--(BUSINESS WIRE)--Montage Resources Corporation (NYSE: MR) (the “Company” or “Montage Resources”) today announced an increase in its full year and second quarter 2020 production guidance along with an organizational update.Updated Production Guidance:In connection with improving crude oil and NGL commodity prices, the Company began increasing its previously curtailed production during the month of May. As of June 1, 2020, the Company has returned substantially all its previously curtailed production to sales due to the significant improvement in cash marginsDue to continued operational outperformance and the return of its previously curtailed production to sales sooner than anticipated, the Company is increasing its full year production guidance for 2020 to 565 – 585 MMcfe per day, an increase of approximately 2% over the midpoint of its previous full year 2020 production guidance of 555 – 575 MMcfe per dayThe Company now expects its second quarter 2020 production wi
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