Range Resources: generating average recoveries in the Marcellus between 2.5 – 3 Bcf per 1000 feet of lateral

At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Marcellus producer Range Resources (ticker: RRC) Chairman, President & CEO Jeff Ventura.

Credited with discovering and launching the Marcellus shale play, Range operates primarily in two large core areas: the Marcellus Shale in Pennsylvania and the Lower Cotton Valley in Northern Louisiana. Range develops its acreage in both the Marcellus Shale and North Louisiana with an eye toward improving well results through the use of technology and detailed analysis of its properties.

Range has nearly one million net acres across Pennsylvania, most of which has stacked pay potential for the Marcellus, Utica and Upper Devonian shale formations. It also has approximately 220,000 net acres in Northern Louisiana, which has stacked pay potential for the Lower Cotton Valley.

For Q2 2017, Range reported cash flow from operations before changes in working capital, a non-GAAP measure, reached $194 million, compared to $93 million in second quarter 2016. Range reported record production in the second quarter totaled 1.945 Bcfe per day, an increase of 37% compared to the prior-year quarter.

View Range Resources’ EnerCom conference presentation webcast here.

Exclusive Video Interview with Range Resources Chairman, President & CEO Jeff Ventura

Source: Range Resources

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