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
Super-rich Washington County pad averages 31.4 Mmcfe/day per well Range Resources Corp. (ticker: RRC) released first quarter 2017 financial results. Highlights for Q1: First quarter GAAP net income reached $170 million, or $0.69 per diluted share, compared to a net loss of $94 million, or $0.56 per share in the prior-year quarter First quarter cash margins improved to $1.47 per mcfe, compared to $0.77 per mcfe in the prior-year quarter, an
Pipeline constraints limiting the value of Appalachian operators It’s a Wall Street quandary. It is no secret that the Permian has become the hottest play in the United States with E&Ps competing to acquire acreage, but the companies operating there may not always attract the most attractive multiples from investors. In January, EnerCom Analytics took an in-depth look at what
Moving from Defense to Offense: industry learned how to work effectively, how to innovate during the downturn, now let’s produce The presentation room at the Tower Club for EnerCom Dallas was overflowing Wednesday morning by the time WPX Energy (ticker: WPX) Chairman and CEO Rick Muncrief took the microphone a 8:00 a.m. and laid out his company’s stark turnaround. In his presentation
Range Resources forecasts production growth of 33%-35% for 2017 Range Resources (ticker: RRC) announced it 2017 capital plan Wednesday along with its fourth quarter and year-end financial results, forecasting production of 2.1 Bcfe/d in 2017, an increase of 33%-35% over 2016. The company plans to achieve that growth target with a capital program of $1.15 billion, two-thirds of which will
RANGE RESOURCES CORPORATION (NYSE:RRC) today announced its 2016 financial results and 2017 capital spending plan. Highlights – Record average daily production of 1.854 Bcfe during the fourth quarter 2017 capital budget set at $1.15 billion, projected to provide 33-35% year-over-year growth in 2017 and approximately 20% organic growth in 2018 North Louisiana well costs reduced to $7.7 million per well
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
Range believes Terryville returns rival the Southern Marcellus Range Resources (ticker: RRC), the legacy shale gas developer credited with discovering the Marcellus shale play, announced today that it completed the merger agreement under which RRC will acquire all of the outstanding shares of common stock of Memorial Resource Development (ticker: MRD). The all-stock transaction is valued at approximately $4.2 billion including the
Range Resources extends deal Range Resources (ticker: RRC) announced Wednesday that it has extended its previously announced exchange offers for certain of Range’s and Memorial Resource Development Corp.’s (ticker: MRD) notes listed in the table below and the cash tender offers for Memorial’s notes listed below, in order to coincide with the expected closing of Range’s acquisition of Memorial. Accordingly, the
Jeff Ventura, chairman, president and CEO of Range Resources Corporation (ticker: RRC) talks to Oil & Gas 360®’s Angie Austin at the 2016 EnerCom conference about Range’s natural gas production, projected natural gas demand and supply, export markets for natural gas liquids, and Range’s upcoming closing of its $3.3 billion acquisition of Memorial Resource Development.
Natural gas production in Pennsylvania increased by 550,937 MMcf in 2015 The production of natural gas continued to climb in Pennsylvania in 2015 despite lower commodities prices, and a decrease in drilling activity. A report from the state’s Department of Environmental Protection found Pennsylvania produced 4.6 trillion cubic feet of natural gas during the year, maintaining its position as the
Range Enters into Agreement with SailingStone Capital Partners to Identify New Director SailingStone Confirms its Intention to Support the Proposed Merger with Memorial Resource Development Corp. FORT WORTH, Texas, Aug. 08, 2016 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:RRC) and SailingStone Capital Partners, LLC, owner of approximately 11% of Range’s shares outstanding, today jointly announced that they have entered into an agreement for Range to appoint to its Board
