2 Pipelines Will Raise Gas Sale Price by $1 for Range Resources

As we told you yesterday, Range Resources is excited about two pipeline projects that will go online soon--Spectra Energy’s Uniontown to Gas City (U2GC) Project and Mariner East I--Sunoco Logistics’ NGL pipeline from western PA to the Marcus Hook refinery near Philadelphia. On the quarterly analyst conference call yesterday, Range Resources CEO Jeff Ventura led off with a discussion about those two projects. To point out the importance of pipelines, these two projects will mean, according to Ventura, that Range will get $1 per Mcf more for their production once the pipelines go online. That's a huge increase--as much as 33%--over what they receive now. Here are Ventura's enlightening comments from yesterday's conference call...

---

To view this content, log into your member account. (Not a member? Join Today!)