Range Resources Corp

Range Drills Longest Laterals to Date in Q1; 21% Longer Than 4Q17

North East / Appalachian and ArkLaTex operator Range Resources has reported its Q1 2018 operations in the Marcellus shale and Cotton Valley plays, including lateral length, drilling activity and production rates.

Range Resources Renews, Extends Credit Facility

Range Resources has renewed and extended its credit facility. The new five-year agreement has a maximum facility size of $4 billion and maintains a borrowing base of $3 billion with $2 billion in commitments.

Range Resources COO Announces Retirement

Range Resources has announced that its COO, Ray Walker, intends to retire from his position effective April 13, 2018. Dennis Degner, SVP of Operations will continue to oversee operations for both the Marcellus and North Louisiana...

Range's Marcellus Wells Fuel 34% Output Jump; Touts Pad Drilling Results

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...

Range Slows Northern Louisiana D&C Activity; Will Refocus on The Marcellus In 2018

Range Resources outlined its 2018 development plan. The company has earmarked 2018 capex of $941 million (down -25% from 2017). Spending by Region Despite lower spending, Range plans to begin drilling 10,000'+ laterals in the SW...

Range to Supersize Marcellus Laterals in 2018; Touts 20.2 MMcfe/d Cotton Valley IP

Range reported its Q3 2017 results. Highlights from its release / call include: Record Q3 production totaled 1.99 Bcfe per day, up +32% YOY Focusing on drilling longer laterals going into 2018 - no formal guidance...

Range's Longer Laterals (15,000' +) Strengthen IP Rates; 30% Production Growth

Range reported its Q2 2017 results. Highlights from its release / call include: - Record production totaled 1.945 Bcfe/d, an increase of 37% YOY Range's Q3 production is expected to be 1,970 Mmcfe per day. Production...

Range Ramps Up Drilling Activity in Q1; Expects 34% Production Jump

Production growth for the full year of 2017 is unchanged at 33% to 35%.

Range Resources Unveils 2017 Capex, Drilling Plans

Here is a quick read through on Range Resources 2017 capital budget and development plans. Budget Range has set its 2017 capital spending budget at $1.15 billion. Budget Allocation: D&C: $1.07 billion (93%) Leasehold: $44 million...

Range Resources Touts 11% Increase in Proved Reserves; 12.1 Tcf

Range Resources has updated that its proved reserves as of December 31, 2016 were 12.1 Tcfe.

Range on Course to Complete 141 Wells; Touts Cotton Valley Well Results

Range Resources announced its third quarter financial results.

Range Resources Adds Independent Director to Board

Range and SailingStone Capital Partners, LLC have entered into an agreement for Range to appoint to its Board of Directors a mutually agreed upon independent director.

Range to Maintain Three Rigs for 2H16; Improves Completions

The division completed 1,067 stages, averaging over 7.8 stages per day per crew, which is a 23% improvement compared to the prior-year quarter.

Range Resources to Acquire Memorial Resource Development in $4.4B Deal

Range Resources Corp. and Memorial Resource Development Corp. have announced a definitive merger agreement under which...

Range Speeds Up Marcellus Drilling in 1Q; Ups Production 17% Over 4Q

Range Resources Corp. announced its first quarter financial results.

Borrowing Base / Credit Redeterminations: Winners & Losers

As redetermination season arrives, Shale Experts is tracking the latest changes to borrowing bases and credit facilities, including who is getting a boost, who is remaining steady and which companies are seeing cuts.

First Cargo of Marcellus Shale Gas Arrives in Europe

The first cargo of U.S. shale gas has arrived in Norway, according to reports.

Range Resources Reaffirms $3.0B Borrowing Base

Range Resources Corp. announced that the Company's existing $3 billion Borrowing Base and $2 billion Commitment Amount under its $4 billion bank credit facility have been unanimously approved by its 29 lenders.

Marcellus Shale Break-Even By Operators - 2016 @ 2.60/Mcf

Range Resources IDs 2016 Budget; Focus on Marcellus Asset

Range Resources Corp. has reported its 2016 Capital Spending Plans and Cost Overview/Outlook.