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Range Resources Touts Record Utica Shale Well

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Range Resources Touts Record Utica Shale Well

Range Resources Corp. has reported initial results from its Utica/Point Pleasant well located in Washington County, Pennsylvania.

The well achieved an average 24-hour test rate of 59.0 Mmcf per day against simulated pipeline pressure and conditions during the initial flow back. The well was drilled and cased to a true vertical depth of 11,693 feet with the 5,420 foot horizontal lateral completed with 32 frac stages. Initial calculations indicate a 0.88 psi/foot pressure gradient. This initial production (IP) rate equates to a 10.9 Mmcf per day IP rate per 1,000 foot of lateral. We believe this is a record for any horizon drilled in the Appalachian Basin and also represents the highest IP rate of any Utica well.

Range believes this well confirms its geological interpretation and enhances…

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