Range Resources Corporation – Day One Breakout Notes

Jeff Ventura, President and COO of Range Resources (RRC) presented today at EnerCom’s The Oil & Gas Conference® 17. Range Resources specializes in the exploration, development, and acquisition of oil and gas properties. Its current major divisions include Midcontinent, Marcellus, Southern Appalachia, and Southwest regions.

During the company’s breakout session, management was asked the following questions:

• What do your current well costs look like and where do you see service costs trending?
• What are your decline rates in the wet, super rich, and dry gas areas?
• What should we expect your rate of drilling to be in the wet, super rich, and dry gas areas, particularly in the Pennsylvania region?
• What are the production differences between Upper and Lower Devonian regions?
• What is the current operation status in the Nora area?
• Are you in the same renewal position now as you were when you started the Marcellus project?
• Can you give us an update on activity in West Kansas and East Colorado?
• Discuss the Mississippian Region, especially Nemaha Ridge, and how its production compares to areas further west.
• What are the current economics of exporting propane from Mariner East?
•  What percentage of your gas has ethane that needs to be extracted?
•  Give us an update on the project in the Utica and when we should expect first production in that area.
•  Do you plan to continue drilling in the Upper Devonian region this year?
•  What is the drilling potential in Wilcox?

Click here for Range Resources’ webcast.

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