Terryville

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.

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.

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.

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.

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.

Investors looking for an alternative to the much celebrated Appalachian Basin might turn their gaze to North Louisiana and the Cotton Valley Sands formation’s Terryville Complex, where the acreage and plans of newly public Memorial Resource Development (MRD) have analysts talking about “potentially superior” returns.