Eclipse, Blue Ridge form Montage Resources Corp. in merger
Friday, March 8, 2019
Eclipse and Blue Ridge Mountain Resources recently announced they’ve finally completed the merger they announced last August to form a new company called Montage Resources Corp., according to Kallanish Energy.
Montage Resources common stock begins trading on the New York Stock Exchange earlier this week under the ticker symbol “MR”, giving effect to the 15-to-1 reverse stock split that was part of the merger deal.
The new entity is an independent exploration and production company with roughly 227,000 net effective undeveloped acres currently focused on the Utica and Marcellus Shale plays in southeast Ohio, West Virginia and North Central Pennsylvania.
Learn more: Kallanish Energy > Eclipse, Blue Ridge close merger, change name
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.