Montage Resources

Background

Montage Resources Corp. operates exploration and production fields. Common shares are listed on the NYSE (MR) exchange. Montage was previously known as Eclipse Resources.

Petro Resources Corp. was formed in 2005. Petro Resources was renamed Magnum Hunter in 2009 when Gary Evans became CEO, and the company acquired Triad Energy out of bankruptcy later that year. Eclipse Resources was formed in 2011 by brothers Ben and Chris Hulburt with funding from EnCap Investments and completed a public offering in 2014. Magnum Hunter filed for Chapter 11 bankruptcy in 2015 and completed restructuring in 2016 with the forced departure of Gary Evans. Magnum Hunter was renamed Blue Ridge in 2017 and acquired by Eclipse in 2019, changing the combined group name to Montage Resources.

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