Range Drills Same Pad Three Different Times in Low-Cost Strategy

Range Resources delivered its second quarter 2022 update yesterday. The company made an amazing $453 million in profit during 2Q. On a conference call with analysts, CEO Jeff Ventura wasted no time in delivering a shot across the bow of the Bidenistas, saying, "Energy policy will need to be rooted in market realities. If infrastructure projects, namely pipelines and LNG terminals are not prioritized and given a reasonable regulatory review, then I believe it's simply impossible to meet the growing global demand for reliable, safe and affordable fuels." Ba-boom! On the wonkish side, Range's top driller, Dennis Degner, discussed the company's strategy of drilling new wells on existing pads. Sometimes Range returns to the same pad three times. A three-peat!

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