Banks Reaffirm Range Resources’ $4B Line of Credit

Range Resources, one of the premier drillers in the Marcellus/Utica, and the company that drilled the very first Marcellus well in 2004, just passed its annual financial physical. The 29 banks that loan Range money say the company’s $3 billion “borrowing base” and its $4 billion line of credit are still OK by them. Which put a smile on the face of Range’s CFO Roger Manny…

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