Range Resources 1Q13 Update: Marcellus Provides "Impressive Results"
Range Resources, the first driller to sink a Marcellus Shale well in western PA in 2004, issued their first quarter financial and operational update yesterday. According to Range, the liquids-rich Marcellus in southwestern PA “continues to provide impressive results.” Range’s daily production hit new highs in 1Q13. Most of their Marcellus work is concentrated in the “super rich” area of SW PA where they brought 25 new wells online in the first quarter. However, Range also drilled 7 new wells in NE PA, in the “dry gas” zone of the Marcellus.
Here’s part of the Range update, including details on their Marcellus operations: