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Range's Marcellus Wells Fuel 34% Output Jump; Touts Pad Drilling Results
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Range Resources reported its Q4 and full year 2017 results.
Highlights:- Production increased to 2.0 Bcfe per day in 2017 compared to 1.5 Bcfe per day in 2016, an increase of 30%
Southwest Marcellus production in fourth quarter 2017 increased to 1,657 net Mmcfe per day, a 34% increase over the prior year Marcellus - Drilling Highlights:Five Well Pad - Dry Area:
IP24: 36.1 MMcfe/d per well Average Lateral: 14,400 feet Stages: 73 stages per wellFive Well Pad - Wet Area:
IP24: 36.7 MMcfe/d per well (including 2,814 NGL bbls per day) Average Lateral: 13,600 feet Stages: 68 stages per wellFour Well Pad - Super Rich Area:
IP24: 40.3 MMcfe/d per well (2,880 bbls NGLs and 1,707 bbls condensate per day) Average Lateral: 9,800 feet Stages: 49 stages per well North LouisianaThe divisio…
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