Weighted

SandRidge Energy Inc., which up to now has explored almost exclusively for natural gas, on Monday agreed to acquire oil-weighted producer Arena Resources Inc. in a deal worth $1.6 billion.

Range Resources Corp.’s natural gas-weighted production in 4Q2009 averaged 457 MMcfe/d, a record high, the Fort Worth, TX-based independent said. Production in the quarter and for the year was up 13% from 4Q2008 and full-year 2008. On a sequential basis, output rose 5% from 3Q2009. Preliminary price realizations, including the impact of derivative settlements, in 4Q2009 averaged $6.59/MMcfe, down 4% from the prior-year period but up 4% sequentially. In 2010 69% of Range’s anticipated gas production is hedged at an average floor price of $5.53/Mcf and an average cap price of $7.33/Mcf.

Range Resources Corp.’s natural gas-weighted production in 4Q2009 averaged 457 MMcfe/d, a record high, the Fort Worth, TX-based independent said. Production in the quarter and for the year was up 13% from 4Q2008 and full-year 2008. On a sequential basis, output rose 5% from 3Q2009. Preliminary price realizations, including the impact of derivative settlements, in 4Q2009 averaged $6.59/MMcfe, down 4% from the prior-year period but up 4% sequentially. In 2010 69% of Range’s anticipated gas production is hedged at an average floor price of $5.53/Mcf and an average cap price of $7.33/Mcf.

Continuing economic sluggishness weighted down TransCanada Corp.’s power revenues, resulting in net income of C$345 million (C50 cents/share) for 3Q2009, an 11.6% decline compared with C$390 million (C67 cents/share) in 3Q2008, the Calgary-based company said last Wednesday.

XTO Energy Inc.’s natural gas-weighted production jumped 23% in 3Q2009 from a year ago even with fewer rigs in operation and spending down 5%, the company said last week. The independent now expects annual output will be up by the same amount, 23%, from 2008.

XTO Energy Inc.’s natural gas-weighted production jumped 23% in 3Q2009 from a year ago even with fewer rigs in operation and spending down 5%, the company said Wednesday. The independent is now forecasting annual output will be up by the same amount, 23%, from 2008.

Southwestern Energy Co.’s natural gas-weighted production in 3Q2009 jumped 38% from a year ago, driven by continued success in the Fayetteville Shale, the company said last week. The increased output led the Houston-based independent to raise its production guidance for 2009 by 53% over 2008 levels.

Southwestern Energy Co.’s natural gas-weighted production in 3Q2009 jumped 38% from a year ago, driven by continued success in the Fayetteville Shale. The increased output led the Houston-based independent to raise its production guidance for 2009 by 53% over 2008 levels.

When exploration and production (E&P) companies unveil their 3Q2009 earnings reports in the coming weeks, listen for natural gas-weighted producers to detail the impact on the quarter from uncompleted wells and how much production was shut in across North America, according to energy analysts.