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Range Spending -17% Less in 2019, Louisiana Ops Take Biggest Hit; Talks Q4 Results
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Range Resources has reported its Q4 2018 results as well as its 2019 capital plans.
2019 Plans- 2019 Capex: $756 million
D&C: $685 million ($617 million for Appalachia (90%) / $69 million for N. Louisiana (10%) Leasehold: $51 million Pipelines/Facilities/Other: $20 million- Rigs: While the company did not specify rig plans, as of Q1 2019, Range is running 3 rigs in the Marcellus and 1 in N. Louisiana, according to the Shale Experts Rigs Database
- Well Plans: TIL 96 wells
Marcellus: 88 (~44 will be drilled from existing pads) N. Louisiana: 8- Production: 2,325 to 2,345 Mmcfe per day in 2019, with 30% attributed to liquids production
Q4 2018 HighlightsThe table below summarizes 2018 activity and estimates for 2019 regarding the number of wells to sales for each area.
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