Jeff Ventura, Chief Executive Officer of Range Resources Corporation (NYSE: RRC), presented today at EnerCom’s The Oil & Gas Conference 20®.
Range Resources Corporation is one of the leading independent oil and natural gas producer with operations focused in Appalachia and the Midcontinent region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk, development drilling opportunities. The Company is headquartered in Fort Worth, Texas.
In the second quarter of 2015, the company reported production volumes of 1,373 Mmcfe/d, a 24% increase from the prior year, and a record high for Range. Unit costs declined $0.36 per mcfe, or 11% compared to the same quarter in 2014.
During the company’s breakout session, management was asked the following questions:
- How are you backing out the $90 million uplift from Mariner East since some of it was already operating?
- Why do you think you’ll see uplift in Henry Hub instead of it coming down?
- How do you look at the different bookends for future CAPEX?
- Do you think you’ll put out a resource estimate for the Utica by the end of the year?
- Could you comment on the economics on your Utica assets?
- How do you plant to maintain/grow your production?
- Will you start shifting back to wet gas as pricing improves?
- What’s driving your project improvements in capital efficiencies?
- How many days are added to drilling by the longer laterals?
- Where are you on the asset sales you mentioned in your conference call?
- How far out have you planned for your gas operations in the east?
- Are you thinking about dual-stack laterals in the east?
- What are your levels of fugitive methane levels?
- How much of your capital efficiencies are coming from lower service costs?
- How do your favorable contract prices giving you an edge compared to your competitors in NGLs?
- How should we think about the difference in pricing between the U.S. and Europe for propane once you add in transportation?
- How does cash flow through the end of the year affect your expectations for setting your targets for 2016?
- How do share buy-backs fit into your plans?