
Yesterday, MDN reported on Range Resources' third quarter update (see
Range 3Q Update: Adding 47 Wells in 2024, NGLs Boost Revenue). We left some things out of our analysis---important things. Range executives said they expect a big increase in natural gas demand right here in Marcellus/Utica and next door in the southeast. The M-U produced 34 Bcf/d in 2023. Range management believes that number will soar to as much as 40 Bcf/d by 2028---in a span of five years. Where is the new demand coming from?
To view this content, log into your member account. (Not a member? Join Today!)