Range Resources 1Q19 – Happy ME1 is Finally Back Online

Range Resources issued its first quarter 2019 update earlier this week. Natural gas liquids (NGLs) were one of the themes of the update and analyst phone call--and no wonder why. The company produced an average of 2.26 billion cubic feet equivalent per day (Bcfe/d) of natural gas in 1Q19, nearly one-third (31%) of which was NGLs. Ethane and propane, getting them to market, is a major focus for Range.

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