Last $45.50 USD
Change Today -1.48 / -3.15%
Volume 4.2M
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As of 3:59 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

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04/24/14 - $95.41
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01/29/15 - $44.92
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range resources corp (RRC) Details

Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company acquires, explores, and develops natural gas and oil properties. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and Southwestern regions. The company owns 6,136 net producing wells; and approximately 1.6 million gross acres under lease in the Appalachian region. It also owns 1,538 net producing wells; and approximately 710,000 gross acres under lease in the Southwestern region. In addition, the company owns gas gathering and transportation pipelines. Range Resources Corporation sells natural gas to utilities, marketing and mid-stream companies, and industrial users; NGLs to natural gas processors or users of NGLs; and oil and condensate to crude oil processors, transporters, and refining and marketing companies. As of December 31, 2013, it had proved reserves of 8.2 Tcfe. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1975 and is headquartered in Fort Worth, Texas.

867 Employees
Last Reported Date: 02/26/14
Founded in 1975

range resources corp (RRC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $864.4K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $453.7K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $446.0K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $371.5K
Compensation as of Fiscal Year 2013.

range resources corp (RRC) Key Developments

Range Resources Corporation Provides Capital Expenditure and Production Guidance for the Year 2015; Provides Production Results for the Fourth Quarter of 2014

Range Resources Corporation provided capital expenditure and production guidance for the year 2015. For the year 2015, the company planned 2015 capital budget of $1.3 billion. That budget included capital efficiencies Range expected to realize with its longer laterals, better lateral targeting and improved completions based on its 2014 results. No reductions in service costs were included in the initial budget. With the continuing erosion in commodity prices, Range has further high-graded its planned capital program for 2015 and reduced its planned capital expenditures for 2015 to $870 million. Nearly 95% of the capital budget is targeted to the Marcellus. Concentration of its operations in the Marcellus, coupled with continuing operating efficiencies and now anticipated cost reductions, allows Range to target 20% production growth for 2015 with this revised capital budget. The company's fourth quarter 2014 production volumes were approximately 1.27 Bcfe per day with 31% liquids. The fourth quarter production varied from guidance as a result of the early propane line fill and operational flow on Mariner West in November and December.

Range Resources Corporation Presents at Goldman Sachs Energy Conference 2015, Jan-07-2015

Range Resources Corporation Presents at Goldman Sachs Energy Conference 2015, Jan-07-2015 . Venue: Intercontinental Miami Hotel, 100 Chopin Plaza, Miami, Florida, United States.

Range Resources Corporation Announces 2015 Capital Budget and the Initial Results from its Utica/Point Pleasant Well Located in Washington County, Pennsylvania

Range Resources Corporation announced its 2015 capital budget and the initial results from its Utica/Point Pleasant well located in Washington County, Pennsylvania. Range has set its 2015 capital spending budget at $1.3 billion, a decrease of 18% versus its 2014 capital budget. As a result of improving capital efficiencies from its Marcellus activities, Range expects to continue to deliver year-over-year production growth in the 20% to 25% range despite the reduction in its capital budget. The 2015 capital budget includes approximately $1,065 million for drilling and recompletions, $155 million for leasehold and renewals, $55 million for pipeline tie-ins and facilities and $25 million for seismic and other. By division, the 2015 capital budget is approximately 92% directed to the Marcellus, Southern Appalachia 4% and Midcontinent 4%. As previously announced, Range will increase the lateral lengths and the number of frac stages for its 2015 Marcellus wells to average 6,200 feet with 31 frac stages, or approximately 200 feet between stages. The laterals for a third of the 2015 wells are expected to be over 7,000 feet as the company continues to optimize its well designs. Range also announced that its Utica/Point Pleasant well located in Washington County, Pennsylvania achieved an average 24-hour test rate of 59.0 Mmcf per day against simulated pipeline pressure and conditions during the initial flow back. The well was drilled and cased to a true vertical depth of 11,693 feet with the 5,420 foot horizontal lateral completed with 32 frac stages. Initial calculations indicate a 0.88 psi/foot pressure gradient. This initial production (IP) rate equates to a 10.9 Mmcf per day IP rate per 1,000 foot of lateral. The company believes this is a record for any horizon drilled in the Appalachian Basin and also represents the high IP rate of any Utica well. Range believes this well confirms its geological interpretation and enhances the value of Range's stacked-pay acreage position in southwest Pennsylvania. The well is owned 75% by Range. Range has a current leasehold position of approximately 400,000 net acres in the southwest Pennsylvania area which it considers as prospective for the Utica/Point Pleasant. The well is currently shut-in for approximately ninety days while facilities are completed. Afterwards the well is expected to be produced under facility-constrained conditions.


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