Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | Third Quarter (3Q) Update
Range Hits Highest MidCont IPs in 3Q; Talks Completion Design
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Range Resources Corp. has reported a third quarter 2014 update on its MidContinent operations.
Production for the third quarter averaged 86 net Mmcfe per day for the division, a 9% decrease from the prior year. The division's third quarter net production included 49.2 Mmcf per day of gas, 4,106 barrels per day of NGLs and 2,011 barrels per day of oil.
During the third quarter, the Midcontinent division continued to evaluate results from geological modeling in the Mississippian Chat along the Nemaha ridge. Results are encouraging, as the last two quarters had the two highest average 24-hour IP rates achieved to date. The five wells brought on line in the third quarter averaged a per well 24-hour IP rate of 661 (534 net) boe per day with 72% liquids. The five wells had an average lateral…
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