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Range Talks New Strategy to Preserve Capital; 2019 Development Plan
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Range Resources reported its Q2 2019 results.
Below is a look at some key information. Based on the data, you can see that Range has been very careful to manage its development and the company is planning to stay within its capital plan. The company wells brought online (well development plan) is trending similar to 2018. We expect Range to slow activity in the fourth quarter (4Q).Range Resources Production
Range Resources (Production vs CapEx )
Spending and Well Development to-date
Drilling Activity : Rig Count by Month Returning to Old Pads for Savings
In its presentation, Range noted that it plans to redevelop its old well pads in the Marcellus in order to capitalize on cost savings.
In its Q2 call, Range said: "Drilling from existing pads is more capital…
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