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Range Tags Best Nora CBM Well in 15 Years; Talks Huron Ops
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Range Resources Corp. has reported a third quarter 2014 update on its Nora project and Huron Shale operations.
Production for the third quarter averaged 113 (110 net) Mmcf per day for the division, a 52% increase over the prior year. The acquisition of EQT's 50% interest added approximately 40 Mmcf per day to third quarter production, compared to the second quarter of 2014.
Range had a full quarter of operational control over the Nora assets in Virginia during the third quarter after acquiring the remaining 50% working interest in the field and gathering system from EQT at the end of the second quarter 2014. In this short period of time, Range has already achieved some of the best results to date by utilizing a new well design coupled with a higher rate stimulation technique on both…
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