Montage Resources Corporation Announces Production Results for the First Quarter 2019; Updates Production Guidance for the Second Quarter and Full Year 2019; Reports Impairment charges for the Quarter Ended March 31, 2019
The company updated production guidance for the second quarter and full year of 2019. For the year, the company expects production of 520 to 540 MMcfe per day, an increase of approximately 3% based upon the midpoint of the Company's previously issued guidance range.
For the quarter, the company expects production of 500 - 515 MMcfe per day.
For the quarter, the company reported impairment of unproved properties was $9,600,000 compared to $6,696,000 for the same period a year ago.