Friday, July 3, 2026

Range Resources Sells Washington County Overriding Royalty for $300 Million

Range Resources (ticker: RRC) today has signed and closed on an agreement to sell a proportionately reduced 1% overriding royalty in its Washington County, Pennsylvania leases for gross proceeds of $300 million. Range’s Washington County properties encompass approximately 300,000 net surface acres that produced 1.7 Bcfe net per day in the second quarter of 2018.  The overriding royalty applies to existing

OPEC Production Up on Saudi, Libyan Surges

Total output up 132 MBOPD, Saudi pumping at highest rate since 2016 OPEC has released its Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry. OPEC produced a total of 32,761 MBOPD in September, representing a moderate increase in overall production compared to last month. Cartel production grew by a net 132 MBOPD,