Range Resources O&G Production Sees Huge Increase in 2Q12

Range Resources announced second quarter results today. Production volumes for all classes (natgas, NGLs and oil) are up an eye-popping 42% over the same quarter last year, and up 10% from the first quarter of this year. And if they remove the Barnett Shale numbers from the equation for last year, production would have been up 51%. Range sold off their Barnett assets last year, which included 390 active wells on 52,000 net acres. Range’s main focus continues to be the Marcellus and Utica Shale region. Production, by volume, was 80% natural gas, 14% natural gas liquids, and 6% crude oil. From the press release:

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