Montage Resources Corporation reported impairment for the first quarter ended March 31, 2020. For the quarter, the company reported impairment of unproved properties was $10,720,000 compared to $9,600,000 for the same period a year ago.

The company is adjusting its full year 2020 production guidance to 555 – 575 MMcfe per day (which is 3% above the reported 2019 production of approximately 548 MMcfe per day) from 570 – 590 MMcfe per day, approximately 3% lower based upon the midpoint of the Company's previously issued guidance ranges, to account for the prudent second quarter production deferments which will retain flush volumes from these shut-in wells for better pricing.