Range 2012 Capital Plan – More Marcellus Drilling Ahead

Range Resources released its 2012 capital budget and operating plans yesterday. Range announced that Marcellus drilling is full steam ahead, especially in the liquids-rich southwestern PA area. But they also announced they are reducing dry gas drilling to just 25 percent of the total capital budget. So, more drilling in southwest PA, less drilling in northeast PA.

Here are the relevant portions from the Range announcement that touch on the Marcellus Shale:

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