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Montage Resources Corporation Divesting Wellhead Gathering Infrastructure for $25 Million, Announces Preliminary Second Quarter 2020 Production Performance, Lowers Full Year 2020 Capital Spending Guidance

MR

IRVING, Texas--(BUSINESS WIRE)--Montage Resources Corporation (NYSE: MR) (the “Company” or “Montage Resources”) today announced that it has entered into a non-binding letter of intent (the “Letter of Intent”) with an international third-party (“Third-Party”) to sell its non-core wellhead gathering infrastructure in the Ohio Utica condensate development area. In addition, Montage announced its preliminary second quarter production performance and updated expectations for its full year capital expenditures along with its upcoming second quarter 2020 earnings release information.