Drilling & Completions | Financial Results | Capital Markets | Drilling Activity
Range Talks Q1 Drilling Activity; SW Marcellus Output Up +14% YOY
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Range Resources provided its Q1 2019 financial results as well as an overview of its operational results.
Ops
The table below summarizes estimated activity for 2019 regarding the number of wells to sales for each area.
| Wells TIL 1Q 2019 |
Calendar 2019 Planned TIL |
Remaining 2019 |
|||||
| SW PA Super-Rich | 3 | 14 | 11 | ||||
| SW PA Wet | 0 | 41 | 41 | ||||
| SW PA Dry | 20 | 33 | 13 | ||||
| Total Appalachia | 23 | 88 | 65 | ||||
| Total N. LA. | 3 | 8 | 5 | ||||
| Total | 26 | 96 | 70 |
Appalachia Division
Production for first quarter 2019 averaged approximately 2,027 net Mmcfe per day from the Appalachia division, a 12% increase over the prior-year first quarter.
The southwest area of the division averaged 1,915 net Mmcfe per day during first quarter 2019, a 14% increase over first quarter 2018. The northeast Marcellus properties averaged 112 net Mmcf per day inclusive of approximately 15 net Mmcf per day of legacy acreage production during first quarter 2019.
North Louisiana
Production for the division in first quarter 2019 averaged approximately 229 net Mmcfe per day. The division brought on line three wells during the quarter and expects to bring on line five additional wells during the remainder of the year.
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