Range Resources Corp. has ended production curtailments imposed in September and October in response to weak Appalachian natural gas prices, but even with an improved outlook, there are no plans to increase activity.

Range Resources

Range cut 210 MMcf/d of natural gas production during the second half of September and most of October as Appalachian storage levels remained high and maintenance on multiple infrastructure projects squeezed takeaway capacity. Volumes were returned to sales by the end of October. Still, even as prices are expected to improve significantly in 2021 and 2022, Range is unlikely to change course.  

“We believe the forward curve remains below a sustainable long-term price,” said CEO Jeff Ventura during a call last Friday to discuss third quarter results. “This is...