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…
Articles from Range
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.
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.
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 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 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 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.
Range Resources Corp. said Monday that it lost 10 Bcfe of production during the fourth quarter due to unspecified operational issues at two natural gas processing facilities in southwest Pennsylvania operated by MarkWest Energy Partners LP.
Range Resources Corp. said late Monday it sold a 1% overriding royalty interest in its leases for core properties in Southwest Pennsylvania for $300 million to an undisclosed buyer as part of ongoing efforts to reduce leverage.