Thursday, December 26, 2024

Range Resources Announces a 22% Increase in Proved Reserves

Range Resources replaces 292% of production with reserves Fort Worth-based Range Resources (ticker: RRC) put out a press release Friday announcing that the company’s proved reserves as of December 31, 2016 were 12.1 Tcfe, up 22% from year-end 2015. The company’s reserve highlights are: Proved reserves increased 11%, excluding acquisitions and divestitures Proved developed reserves increased 14%, excluding acquisitions and

Sanchez Energy Announces 2016 Operating Results

Additional 110,000 Acres Leased in the Western Eagle Ford Sanchez Energy Corporation (ticker: SN) announced operating results for 2016, highlighting the following: As previously announced, Sanchez Energy along with Blackstone Energy Partners has signed an agreement to acquire $2.3 billion of properties in the Western Eagle Ford, adding approximately 67 MBoe/d of production, 300 MMBoe of proved reserves, and 155,000 net acres; Additionally, the company has organically