Range Resources Corp. is “in the best position in the company’s history” amid a tightly supplied global natural gas market, CEO Jeff Ventura said Tuesday. Fort Worth, TX-based Range is among the country’s largest natural gas producers, with nearly one million net acres in Pennsylvania targeting the Marcellus, Utica and Upper Devonian shale formations. “As…
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Range Resources Agrees to Anchor Supply Ohio Ethane Cracker
A multi-billion dollar ethane cracker proposed for Southeast Ohio is gaining momentum as Range Resources Corp. agreed to be the anchor supplier under a long-term feedstock agreement announced Wednesday. Range agreed to supply 15,000 b/d of ethane for the facility proposed in Belmont County by PTTGC America LLC (PTTGCA). The first supply deal for the…
Pennsylvania Regulators, Range Resources Face Off Over Problem NatGas Well
Pennsylvania regulators and Range Resources Corp. continue to quarrel over whether a natural gas well in the northeastern part of the state is responsible for fouled water nearby.
Appalachia-Focused Range to Cut 2020 Capex by Nearly 30%
Leading Appalachian operator Range Resources Corp. plans to cut capital spending by nearly 30% this year in another sign of retrenchment in the Northeast, where natural gas producers continue to take a beating on low prices.
Antero, CNX Slash Spending as Commodity Outlook Remains Weak
Two of Appalachia’s largest producers have announced plans to cut spending through the end of the year and are guiding for even tighter budgets in 2020 as the outlook for natural gas prices remains grim.
Range Completes Another Deal to Sell Royalty Interest in Southwest Pennsylvania
Range Resources Corp. said Monday that it’s sold another overriding royalty interest in its core properties in Southwest Pennsylvania for $150 million to an undisclosed buyer as it continues to focus on cutting debt and strengthening its balance sheet.
Range Resources Readies for Another Rough Commodity Cycle
Range Resources Corp. exceeded the high-end of its second quarter production guidance despite an unplanned outage at a MarkWest Energy Partners LP processing facility in Appalachia.
Range Claims Marcellus Ops Not Impacting Air Quality Near Pennsylvania Schools
Range Resources Corp. said a two-year effort to monitor ambient air quality near one of its Marcellus Shale well sites in southwestern Pennsylvania shows that its operations and those of its peers in the area do not pose serious or chronic public health risks in the region.
Range Resources Eager to Start Flowing Appalachian Liquids as ME 1 Restarts
Range Resources Corp., which has had to find other outlets for its Appalachian ethane and butane over the last three months with Mariner East (ME) 1 offline in Pennsylvania, expects the outlook for natural gas liquids (NGL) to continue improving after the pipeline restarted service on Tuesday.
Range’s Appalachian Strength Weighed Down By North Louisiana Results in 2018
Range Resources Corp. is continuing to take hits from its acquisition more than two years ago of Memorial Resource Development Corp. (MRD) and the underperforming assets in North Louisiana that were part of the deal, which accounted for the bulk of a nearly $2 billion loss in 2018.