Range

Bulls, Bears, Biding Time Before EIA Storage Data; September Called Unchanged

September natural gas is expected to open flat Thursday morning at $2.62 as traders factor in an upcoming government report that is expected to show an addition to inventories similar to the previous week. Overnight oil markets were mixed.

August 18, 2016

Analysts Eyeing $2.40 Spot Futures; September Called 3 Cents Lower

September natural gas is set to open 3 cents lower Wednesday morning at $2.59 as traders eye a decrease in the rate of storage surplus attenuation and a commensurate decline in price. Overnight oil markets eased.

August 17, 2016
Amid Red Ink, Oxy California Spinoff to Add Two Rigs, Take $1B Loan

Amid Red Ink, Oxy California Spinoff to Add Two Rigs, Take $1B Loan

While reporting larger quarterly losses, California Resources Corp. (CRC) officials indicated that they are starting a modest turnaround, adding two rigs and successfully pricing a $1 billion first lien secured credit facility.

August 8, 2016

Range Resources Again Battled NatGas Prices in 2Q, But Sees Outlook Improving

Range Resources Corp. turned in a poor second quarter financially, but it continued to drive down costs and find more operational efficiencies to put it in a better position for what management said is an improving natural gas market.

July 27, 2016
North American E&Ps to Cut 2016 Capex by 41%, with Onshore Spend Down by Half, Says Survey

North American E&Ps to Cut 2016 Capex by 41%, with Onshore Spend Down by Half, Says Survey

North America’s oil and gas operators, more than any group worldwide, are enduring the “most extreme” capital spending cuts, with expenditures likely to drop by 41% on average from 2015 and the onshore sector seeing the most pain, according to Evercore ISI.

June 6, 2016

Pennsylvania DEP Drops $8.9M Fine Against Range Resources

The Pennsylvania Department of Environmental Protection (DEP) has dropped its efforts to collect what could have been a record fine of $8.9 million from Range Resources Corp. for what the agency thought was a leaking natural gas well in Lycoming County.

May 24, 2016
Range Adds N. Louisiana Assets in $4.4B Memorial Resource Development Deal

Range Adds N. Louisiana Assets in $4.4B Memorial Resource Development Deal

Appalachia-focused Range Resources Corp. is acquiring Louisiana player Memorial Resource Development Corp. (MRD) in an all-stock deal worth $4.4 billion, including assumption of $1.1 billion of net debt.

May 16, 2016
Range Adds N. Louisiana Assets in $4.4B Memorial Resource Development Deal

Range Adds N. Louisiana Assets in $4.4B Memorial Resource Development Deal

Appalachia-focused Range Resources Corp. is acquiring Louisiana player Memorial Resource Development Corp. (MRD) in an all-stock deal worth $4.4 billion, including assumption of $1.1 billion of net debt.

May 16, 2016

Despite Quarterly Loss, Range Buoyed by Ethane Exports, Reaffirmed Credit Line

Despite reporting a more than $91 million loss in the first quarter, executives with Range Resources Corp. waxed optimistic after the company became the first from North America to export ethane to Europe, and all of its lenders reaffirmed its existing $3 billion credit facility.

May 3, 2016

Despite Quarterly Loss, Range Buoyed by Ethane Exports, Reaffirmed Credit Line

Despite reporting a more than $91 million loss in the first quarter, executives with Range Resources Corp. waxed optimistic after the company became the first from North America to export ethane to Europe, and all of its lenders reaffirmed its existing $3 billion credit facility.

May 3, 2016