At EnerCom’s recent 2018 The Oil & Gas Conference®, Oil & Gas 360®’s Angie Austin interviewed Jeff Ventura, president and CEO of Fort Worth-based Range Resources.
Ventura joined Range in 2003 as COO and became a director in 2005. Ventura became CEO in 2012. Ventura holds a Bachelor of Science degree in Petroleum and Natural Gas Engineering from the Pennsylvania State University. He is a member of the National Petroleum Council, Society of Petroleum Engineers, American Association of Petroleum Geologists and the Texas Society of Professional Engineers.
Range pioneered the Marcellus shale in 2004 with the successful drilling of the Renz #1 well in Washington County, Pa. Today the company has nearly a million net acres across Pennsylvania, most of which has stacked pay potential for the Marcellus, Utica and Upper Devonian shale formations. The Marcellus shale is now the largest natural gas field in the United States. In 2018, Range has targeted approximately 85% of its capital budget towards Marcellus shale development. Range also has approximately 140,000 net acres in North Louisiana, with stacked pay potential from multiple zones, including Upper Red and Lower Red that lie in the overpressured Lower Cotton Valley formation.
