Range

Range Resources Corp.has announced that CFO Roger S. Manny plans to retire in May after 14 years working on the company’s senior management team. The company has appointed Mark S. Scucchi, currently vice president of finance, to serve as his replacement. Scucchi joined Range in 2008 to work in corporate finance, treasury and planning. He previously worked in commercial and investment banking services at JPMorgan Securities Inc.

Range Resources Corp.has announced that CFO Roger S. Manny plans to retire in May after 14 years working on the company’s senior management team. The company has appointed Mark S. Scucchi, currently vice president of finance, to serve as his replacement. Scucchi joined Range in 2008 to work in corporate finance, treasury and planning. He previously worked in commercial and investment banking services at JPMorgan Securities Inc.

Range Resources Corp. is nearing an “inflection point” in the Appalachian Basin, where its remaining natural gas pipeline capacity is set to come online in the next few months that will find it ramping up production before settling into a more methodical development pace, management said Wednesday.

Range Resources Corp. again reported poor results from its Cotton Valley Sands Terryville Complex assets in North Louisiana that, combined with permitting delays in Pennsylvania during the second quarter, forced the company to lower its full-year production guidance.

While it leaned on the Appalachian Basin to drive production and benefited from an improved market to deliver solid financial results, Range Resources Corp. had a busy first quarter in North Louisiana, where it has been learning more about the Cotton Valley Sands Terryville Complex.

April natural gas is set to open 3 cents higher Thursday morning at $3.04 in advance of government figures that are expected to show usage to be well above historical norms. Overnight oil markets were mixed.

Range Resources Corp. said Friday that three test wells drilled to the south of proven acreage it recently acquired in North Louisiana show the kind of long-term potential management had hoped for to move forward with development of new fields.

EQT Corp. and Range Resources Corp. on Tuesday rebuffed an investment firm’s end-of-the-year pitch urging the companies to merge in a deal that it argued would create “the largest and best-positioned natural gas producer in the United States.”

Range Resources Corp.’s new assets in North Louisiana, along with additional takeaway projects coming online in the Appalachian Basin, are expected to drive natural gas production growth and improve differentials going forward.