Range Resources: Marcellus Will Provide 20-25% Growth “For Years”

A few weeks ago Range Resources gave us a high level heads-up on second quarter results, and their results from the Marcellus were indeed very good (see Range Resources 2Q13: Production Up 27% Due to Marcellus). Yesterday, Range Released the full 2Q13 update–both financial and operational. The numbers are good (see the report below).

The huge news hidden in yesterday’s announcement: Range reports that on July 21st their first deliveries of ethane via the Mariner West pipeline were made to Sarnia, Ontario, Canada where the ethane will (presumably) be processed at the Corunna ethane cracker plant. Below are selected portions of the 2Q13 report from Range, relevant to their Marcellus drilling program, including a breakdown of how much it costs them to produce each Mmcf of gas…

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