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Montage Resources Corporation

Company Summary

Description

Formed with the merger of Eclipse Resources and Blue Ridge Mountain Resources, Montage Resources is an exploration and production company with approximately 227,000 net effective undeveloped acres currently focused on the Utica and Marcellus Shales of southeast Ohio, West Virginia and North Central Pennsylvania.

Website

http://montageresources.com/

Operational Regions

  • Utica
  • Marcellus Shale

Financial Data:

NYSE:ECR from Google Finance

Tickers:

  • ECR - New York Stock Exchange

Related Entities

Firm Transport Commitments

Project: Utica Access Project
Firm Commitment: 205 Mmcf/d

Project: Rover Pipeline LLC
Firm Commitment: 150 Mmcf/d

Recent news

  • 2/26/2021 - Southwestern Energy... (subscriber access)
  • 2/26/2021 - Southwestern Reports... (subscriber access)
  • 2/26/2021 - Southwestern Reports... (subscriber access)
  • 11/13/2020 - Southwestern Closes on... (subscriber access)
  • 10/30/2020 - Southwestern Reports... (subscriber access)

Investor Presentations

  • March 2019 Investor Presentation
  • Strategic Combination: Eclipse Resources and Blue Ridge Mountain Resources (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • Fourth Quarter 2017 Earnings Presentation (subscriber access)
  • 3Q17 Corporate Presentation (subscriber access)
  • August 2017 Corporate Presentation (subscriber access)
  • June 2017 Corporate Presentation (subscriber access)
  • May 2017 Corporate Presentation (subscriber access)
  • March 2017 Investor Presentation (subscriber access)
  • January 2017 Investor Presentation (subscriber access)
  • 2017 Analyst Day Presentation (subscriber access)
  • November 2016 Investor Presentation (subscriber access)
  • Enercom Presentation - August 2016 (subscriber access)
  • 2Q16 Investor Presentation (subscriber access)
  • June 2016 Investor Presentation (subscriber access)

Company Transactions

Date: 12/31/2020
Type: Acquisition

DETAILS:

COST: 25 $MM

NOTES:
Montage Resources entered into a non-binding LOI with an international third-party to dives non-core wellhead gathering assets in the Ohio Utica area for $25 million. Closing is expected in the fourth quarter of 2020.
REGIONS:
  • Utica
  • Date: 11/15/2020
    Type: Merger

    DETAILS:

    VOLUMES: 549 Mmcfe/d

    ACRES: 325500 Acres

    NOTES:
    Southwestern Energy announced a planned merger deal with Montage Resources via an all-stock transaction, with Montage shareholders to receive 1.86256 shares of SWN stock for each share held.
    REGIONS:
  • Appalachia
  • Marcellus Shale
  • Utica
  • Date: 3/30/2019
    Type: Merger

    DETAILS:

    COST: 1.4 $B

    VOLUMES: 122 Mmcfe/d

    ACRES: 99000 Acres

    REGIONS:
  • Utica
  • Date: 1/22/2018
    Type: Acquisition

    DETAILS:

    COST: 93.7 $MM

    ACRES: 44500 Acres

    NOTES:
    The acreage includes 22 Utica shale wells that indicate gas in place in excess of Eclipse's current Utica Shale dry gas "core" area. This land purchase will be classified as the "Flat Castle" project area and initial EUR's are estimated between 2.0 and 2.3 Bcf per 1,000-ft of lateral at a cost of $1,025 per lateral foot. Eclipse estimates that the land will add 87 net drilling locations, assuming a 16,000 foot lateral length.
    REGIONS:
  • Utica
  • Date: 1/15/2018
    Type: Acquisition

    NOTES:
    The acquisition includes midstream infrastructure and gathering rights related to Eclipse's acquisition of the Flat Castle area from Travis Peak Resources.
    REGIONS:
  • Utica
  • Date: 12/19/2016
    Type: Acquisition

    DETAILS:

    COST: 63.8 $MM

    VOLUMES: 1000 Mcfe/d

    ACRES: 9900 Acres

    REGIONS:
  • Utica