Range Resources 3Q14: Production Hits 1.2 Bcf/d, Big Credit Line

Range Resources released their third quarter 2014 operational and financial update yesterday. The report shows the company is now producing 1.2 billion cubic feet per day, on average, of natural gas equivalents–up 26% from the same time last year. The company says they continue to realize “outstanding” well results in the Marcellus Shale, which is their main focus. Range also has a new bank line of credit agreement in place that allows them to borrow up to a massive $4 billion…

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