Production approaching 2 Bcfe per day During its second quarter of 2017, Range Resources (ticker: RRC) reported a net income of $70 million as compared to a net loss of $225 million a year ago. The company’s cash margins grew to $1.09 per Mcfe up from $0.70 per Mcfe in Q2, 2016. Range reached a new record in production at
WildHorse Resource Development (ticker: WRD) oversees operations primarily in the Eagle Ford Shale and Cotton Valley formations in East Texas and North Louisiana, respectively. The company expects that it will produce between 27 and 31 MBOEPD in 2017—a significant jump in production from an average 17.6 MBOEPD in Q1, 2017. WildHorse’s Eagle Ford asset In the Eagle Ford play, WildHorse holds
EnerCom presenter focus: Range is presenting at EnerCom’s 22nd The Oil & Gas Conference August 13-17, 2018 When Marcellus gas giant Range Resources (ticker: RRC) announced it would acquire Memorial Resource Development in May of 2016, the deal was an attention getter in an industry beset by severe downturn doldrums. The Range-Memorial deal was an all-stock transaction valued at $4.4 billion
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
“We believe the returns in Terryville rival the Southern Marcellus”: Jeff Ventura Range Resources (ticker: RRC), the legacy shale gas developer credited with discovering the Marcellus shale play, announced today that it will acquire all of the outstanding shares of Memorial Resource Development Corp. (ticker: MRD) in an all-stock transaction valued at $4.4 billion. The acquisition by Range of Memorial places the
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