Range Resources Has Banner Year in the Marcellus Shale Play, Expects Even Bigger Results in 2011 and Beyond

Range Resources, one of the largest drillers in the Marcellus Shale, recently released year-end results (yes, more earnings statements!). And they have some big news about the Marcellus buried in their report. Namely, Range currently produces 260 million cubic feet of of natural gas per day from their Marcellus Shale operations, and they are on track to produce 400 million cubic feet by the end of 2011. Range says by the end of 2012 they will be producing 600 million cubic feet. Eventually? They think they can reach billions of cubic feet of gas per day.

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