Montage Resources will cut capital spending by 44% this year in the Appalachian Basin, according to Kallanish Energy.
The company plans on spending between $190 million and $210 million on capital spending. That estimate is down from the $357.5 million it recorded spending in the midpoint of 2019’s capital spending guidance.
Montage Resources will be focusing on development in Monroe County, Ohio, drilling a majority of its wells in the Marcellus Shale and the remainder in Utica Shale dry gas window in that region.
Learn more: Kallanish Energy > Montage to cut capital spending by 44% in 2020
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