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Range Resources Ends Year with 50 Uncompleted Wells

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Range Resources Ends Year with 50 Uncompleted Wells

Range Resources Corporation has announced third quarter financial results.

Highlights: Production volumes averaged 1,445 Mmcfe per day, a 20% increase over the prior-year quarter. Marcellus production averaged 1,277 Mmcfe per day, a 27% increase over the prior-year quarter. First Utica well in Washington County, Pennsylvania estimated to have 15 Bcf EUR, or 2.8 Bcf per 1,000 feet of lateral. Second Utica well brought online with choke management at 13 Mmcf per day rate and projected to have higher EUR than the first well. Full-year 2015 capital budget of $870 million is on track to deliver 20% annual year-over-year growth. Mariner East I with full operations for propane and ethane expected by the end of the year.

Commenting, Jeff Ventura, Range's Chairman, President and CEO, said: "Our…

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