Montage Resource is an independent exploration and production company engaged in the acquisition and development of oil and natural gas properties in the Appalachian Basin. As of Dec. 31, 2017, Co. had approx. 96,000 net acres in the Utica Shale fairway, which Co. refers to as the Utica Core Area and approx. 15,500 acres in its Marcellus Area. As of Dec 31 2017, Co. had an estimated 1.46 trillion cubic ft. equivalent of net proved natural gas, natural gas liquids and oil reserves, which comprised of 1.09 trillion cubic ft. of natural gas reserves, 41.9 million barrels of NGL reserves, 19.5 million barrels of oil reserves. The ECR average annual return 10 years is shown above.
The Average Annual Return on the ECR average annual return 10 years page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether ECR average annual return 10 years or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the ECR average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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