Range Resources, the very first company to sink a Marcellus well back in 2004, issued its fourth quarter and full-year 2021 update yesterday. The update includes a preview of what’s ahead for 2022. Among the blockbuster news is that after five years, Range, which has long specialized in drilling “wet gas” wells in southeastern Pennsylvania, is returning to northeastern PA this year to drill some dry gas wells. Why? The economics are there, says Dennis Degner, Range’s COO and top driller.
Range Resources, the very first company to sink a Marcellus well back in 2004, issued its fourth quarter and full-year 2021 update yesterday. The update includes a preview of what’s ahead for 2022. Among the blockbuster news is that after five years, Range, which has long specialized in drilling “wet gas” wells in southeastern Pennsylvania, is returning to northeastern PA this year to drill some dry gas wells. Why? The economics are there, says Dennis Degner, Range’s COO and top driller.