ADVFN - Advanced Financial Network.
HOME» NYSE » R » RRC Stock Price » RRC Stock News

Range Res Share News

 Range Resources Corp Stock Price
RRC Stock Price
 Range Resources Corp Stock Chart
RRC Stock Chart
 Range Resources Corp Stock News
RRC Stock News
 Range Resources Corp Company Information
RRC Company Information
 Range Resources Corp Stock Trades
RRC Stock Trades

Range Resources' 3Q Production Jumped 7%, Driven By Marcellus Shale

HOUSTON -(Dow Jones)- Range Resources Corp. (RRC) said Tuesday its third-quarter production rose 7% from the same quarter a year earlier driven by a jump in Pennsylvania's Marcellus shale output, highlighting the productivity of the region. Range Resources' quarterly production increased to an average of 537.2 million cubic feet of gas equivalent per day came even after the company sold in April its Barnett Shale properties in Texas, which at the time represented about 20% total production. Adjusting for the asset sale, Range Resources third-quarter production would have increased 27%, the company said in a press release. The company sold its Barnett shale properties for about $900 million to focus on developing its Marcellus shale operations. Third-quarter output volumes also exceeded the guidance of 515 million cubic feet of gas equivalent per day to 520 million cubic feet of gas equivalent per day Range Resources have previously provided due to infrastructure build-out proceeding faster than anticipated, the company said. The company's quarterly production was 76% natural gas, 17% natural-gas liquids, and 7% crude oil. Year-over-year, oil production increased by 13%, natural-gas liquids production rose 11%, while natural-gas production increased 5%. The greater relative increase in oil and natural-gas liquids production is due to Range's capital spending emphasis in its liquids-rich plays, the company said. Range Resources' Marcellus Shale is on track to reach the 2011 year-end net production target of 400 Mmcfe per day, the company said. Currently, total production from the area is running at about 350 Mmcfe per day. Range's Marcellus fields are more productive than some of the company's holdings in other areas and are richer in natural-gas liquids, which sell at a higher price than dry gas. The high productivity of the Marcellus Shale has lured several energy companies, including oil giants Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX), which have recently acquired large positions in the region. Range Resources, which is one of the largest lease-holders in the Marcellus, is seen by analysts as a potential acquisition target by companies seeking to increase their foothold. -By Isabel Ordonez, Dow Jones Newswires; 713-547-9207; isabel.ordonez@dowjones.com Order free Annual Report for Exxon Mobil Visit http://djnewswires.ar.wilink.com/?link=XOM or call 1-888-301-0513

Stock News for Range Res (RRC)
DateTimeHeadline
07/30/201510:30:23Current Report Filing (8-k)
07/29/201509:30:00Independent Oil and Gas Stocks Technical Snapshot -- Apache...
07/28/201516:58:43Quarterly Report (10-q)
07/16/201517:10:58Statement of Changes in Beneficial Ownership (4)
07/16/201517:09:07Statement of Changes in Beneficial Ownership (4)
07/09/201516:51:28Statement of Changes in Beneficial Ownership (4)
07/09/201516:48:52Initial Statement of Beneficial Ownership (3)
07/08/201514:03:023 Natural Gas Stocks with Dangerous Liquidity Ratios
07/08/201506:05:42Current Report Filing (8-k)
06/19/201517:11:08Statement of Changes in Beneficial Ownership (4)
06/19/201517:10:40Statement of Changes in Beneficial Ownership (4)
06/12/201511:10:42Wingstop Shares Jump in Debut
06/02/201517:11:59The Competitive Advantage of the Best Natural Gas Stocks
05/29/201512:02:20Annual Report of Employee Stock Plans (11-k)
05/27/201517:21:30Statement of Changes in Beneficial Ownership (4)
05/21/201517:08:09Statement of Changes in Beneficial Ownership (4)
05/21/201517:06:54Statement of Changes in Beneficial Ownership (4)
05/21/201517:05:59Statement of Changes in Beneficial Ownership (4)
05/21/201517:04:15Statement of Changes in Beneficial Ownership (4)
05/21/201517:03:23Statement of Changes in Beneficial Ownership (4)

Range Res and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad