Range Resources Corp

Energy Companies | EQT Corp | Lease & Royalty Payments | Pennsylvania | Range Resources Corp | Washington County

Washington County, PA Airport Considers Offer to Lease
January 9, 2014January 9, 2014

Washington County, PA commissioners will vote today on a proposed lease of the county’s airport property–to allow shale drilling under (but not on top of) the property. According to the deal offered, the county would receive $6,400 per acre as a signing bonus and 18.25% royalties on any gas produced. It’s unclear how much of the 360 airport-owned acres will generate revenue for the county because when the county purchased the property some landowners retained mineral rights. However, the deal, if signed, is sure to generate a boatload (or planeload) of money for Washington County.

Here’s more details about the proposed offer, and which drillers (plural) are cooperating to do the drilling…
Read More “Washington County, PA Airport Considers Offer to Lease”
Energy Companies | Industrywide Issues | Pennsylvania | Range Resources Corp | Washington County | Wastewater

Range Strikes Deal with Mt Pleasant for 1 of 4 Water Impoundments
December 23, 2013December 23, 2013

Finally a happy ending in the ongoing kerfuffle over the fate of our water impoundments (“ponds”) in Mt. Pleasant (Washington County), PA. For a long time now MDN has reported on the back and forth between Range Resources, who operates the impoundments, and the local town board over whether those impoundments can continue to operate now that the wells they were intended to support have been drilled. As recently as September the town was telling Range to stuff it (see Mt Pleasant Tells Range Resources “No Deal” on Water Impoundments).

However, after continuing negotiations, the two sides struck a deal last week for one of the four impoundments. At least it’s a start…
Read More “Range Strikes Deal with Mt Pleasant for 1 of 4 Water Impoundments”
Energy Companies | Ethane | Industrywide Issues | Pipelines | Range Resources Corp

Range Resources Inducted into the Marcellus “1 Bcf/d Club”
December 17, 2013December 17, 2013

Range Resources issued an update today on recent activities and recent milestones achieved. They’ve just achieved a huge one. Range is now the third driller to achieve 1 billion cubic feet per day of production in the Marcellus Shale, joining Cabot Oil & Gas and EQT in that distinguished and exclusive “club” (see EQT 2Q13: Welcome to the Marcellus “1 Bcf/d Club”). Range also, ahead of an official announcement from Enterprise Products Partners, says that the ATEX (Appalachia-to-Texas Express) pipeline to the Gulf Coast is now up and running and they’re using it to ship up to 10,000 barrels of ethane per day. MDN knew the pipeline was in the testing phase but we did not know it’s now fully operational (see Let it Flow! ATEX Ethane Pipeline Testing Now, Online Soon).

The full update from Range:
Read More “Range Resources Inducted into the Marcellus “1 Bcf/d Club””
Allegheny County | Energy Companies | Lease & Royalty Payments | Pennsylvania | Range Resources Corp

Range’s Big Money Deal to Drill Under Deer Lakes Park in SW PA
December 16, 2013December 16, 2013

MDN recently told you that Allegheny County, PA legislators, most of them Democrats, abandoned their fellow Dems to vote down a ban on drilling under county parks 9-2 (see Allegheny County (PA) Council Votes Down Drill Ban for Parks). We now know why. They all didn’t suddenly turn into pro-drillers–too many wacko constituents on their left to do that. No dear friends, just follow the money.

The signing bonus offered by Range Resources to legislators to drill under Deer Lakes Park is $3.5 million. But that’s peanuts if the drilling goes forward and if there’s as much gas under the park as Range believes there is. With a royalty rate of 17%, the county stands to make as much as a mind-blowing $70 million from that single county park! And of course the legislators will get to decide how all that cashola gets spent. It’s like putting a 10-ton carrot in front of Bugs Bunny. Just too much to resist…
Read More “Range’s Big Money Deal to Drill Under Deer Lakes Park in SW PA”
Accidents | Energy Companies | Health Impacts | Industrywide Issues | Litigation | Pennsylvania | Range Resources Corp | Washington County

Did Range Resources Cover-Up Spill at Well Site in PA?
December 13, 2013December 13, 2013

Here we go again. A lawsuit has been filed against Range Resources in Amwell Township (Washington County), PA by a group of neighbors close to the Yeager well drilled by Range with claims that they were “sickened” (no word on how) by drilling at the well site. The big news is that there was an alleged spill at the drill site in 2010 (three years ago!) and that the spill was “covered up” and not properly reported by Range. A juicy rumor like that is all PA Rep. Jesse “fake online ID” White needed to demand that state Attorney General Kathleen Kane (an anti-driller) and a host of other government officials should investigate this forthwith. Jesse, you may recall, was caught red-handed using fake online IDs to impersonate and slander his own pro-drilling constituents. He still hasn’t had the decency to resign and the Democrat Party in PA hasn’t had the decency to remove him from office. A new low in PA politics.

Here’s the rumor about a three year-old spill that may or may not have happened and the dreaded cover-up by the evil villain, ~~Snidely Whiplash~~ Range Resources (sarcasm intended):
Read More “Did Range Resources Cover-Up Spill at Well Site in PA?”
Allegheny County | Energy Companies | Pennsylvania | Range Resources Corp | Washington County

Washington County Seeks Proposals to Drill Under Mingo Creek Park
December 9, 2013December 9, 2013

A few weeks ago the Allegheny County legislature voted down a proposed ban on drilling under county parks 9-2 (see Allegheny County (PA) Council Votes Down Drill Ban for Parks). In the end, even though the Allegheny County legislature is heavily Democrat, they abandoned their fellow Democrats. The money from leasing is so good, and the risk is so low, even the left-leaning Allegheny County legislature can’t ignore it.

It seems that neighboring Washington County, PA also thinks drilling under county parks is a good idea. Washington County commissioners are looking for proposals to drill under Mingo Creek Park. The same driller that’s interested in drilling under Deer Lakes Park in Allegheny County is also interested in drilling under Mingo Creek Park in Washington County: Range Resources…
Read More “Washington County Seeks Proposals to Drill Under Mingo Creek Park”
Allegheny County | Energy Companies | Pennsylvania | Range Resources Corp

More Marcellus Drilling on the Way in Allegheny County, PA?
November 11, 2013November 11, 2013

So far there’s been some, but not a lot, of shale drilling in Allegheny County, PA (Greater Pittsburgh area). A few weeks ago MDN told you about an offer from Huntley & Huntley–essentially a leasing agent for Range Resources–to lease a Deer Lakes Park, a county park in Allegheny County. The point of that story was not to focus on the big issues involved in leasing county-owned land in an urban area, but on the shameless way anti-drillers brainwash and use their own very young children as media props (see PA Anti-Drillers Shove Their Children Before the Microphones).

We said in that post we would return to the issue of whether or not it’s a good idea to drill under county parks. Today, we do that. The Pittsburgh Post-Gazette provides an update on the deal Huntley & Huntley is trying to broker for drilling under (not on) Deer Lakes Park. The article also tackles other county-owned land (parks) in Allegheny County that may one day soon see drilling…
Read More “More Marcellus Drilling on the Way in Allegheny County, PA?”
Energy Companies | Industrywide Issues | Litigation | Pennsylvania | Range Resources Corp | Washington County

PA Judge Forces Range, Contractors to Provide Chemical List
November 6, 2013November 6, 2013

Three families who live near a drill site/frack wastewater impoundment (“pond”) in Cecil Township, PA have a long-running (since May 2012) lawsuit against Range Resources claiming Range’s drilling and wastewater impoundment has contaminated their well water. The Pennsylvania Dept. of Environmental Protection (DEP) investigated and found no contamination. Even the federal EPA looked at it last year and never filed any violation notices–meaning they didn’t find anything either (see EPA Investigating Range Drill Site in Western PA).

However, the families maintain they have been harmed by toxic chemicals used during drilling, and so a judge has ordered Range and all of their subcontractors to provide a list of every conceivable chemical compound used at the site since 2009–right down to the kind of oil used in the engines of vehicles visiting the site–and she’s giving them 30 days to do it…
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Energy Companies | Pennsylvania | Range Resources Corp | Statewide PA

Range Resources 3Q13 Investor Call: Bull’s-eye in the Marcellus
October 31, 2013October 31, 2013

Range Resources, the very first driller to sink a well into the Marcellus, is also perhaps the biggest cheerleader and booster of the Marcellus. And why not? The Marcellus has been very good to Range.

Most of Range Resources’ wells and acreage is located in southwestern PA, in the “wet gas” area of the play. On a call with analysts yesterday discussing third quarter results, Range officials, including CEO Jeff Ventura, effused about the Marcellus, saying Range has enough acreage and opportunity in the Marcellus to allow them to continue drilling new wells for at least another 20 years. That is, they’ve hit the bull’s-eye (our words) in the Marcellus…
Read More “Range Resources 3Q13 Investor Call: Bull’s-eye in the Marcellus”
Energy Companies | Ethane | Exporting | Hydraulic Fracturing | Industrywide Issues | NGLs | Pennsylvania | Pipelines | Processing Plants | Range Resources Corp | Statewide PA | Washington County

Range Resources’ Top 10 Wet Gas Wells, New Company Presentation
October 30, 2013October 30, 2013

Yesterday Range Resources released their financial and operations update for third quarter 2013 (see our companion story from today). Nestled in that update is reference to a new company presentation released yesterday as well, available on the Range website. MDN downloaded it (full copy embedded below) and wow! What a presentation it is. This sucker is loaded with useful charts, maps, bullet points and more. Range has done the industry (and their investors) a great service with this presentation.

Below we will highlight some of our favorite “don’t miss it” slides from the presentation, so you know which ones to zero in on right away. However, the one slide many will want to view first is the list of Range’s Top 10 Liquids Rich (“wet gas”) wells. That slide lists the wells and their locations (hint: they’re all found in a single PA county), initial production levels, production mix (how much oil, NGLs, gas), lateral length, and number of frac stages. With lots of maps and lots of charts, here are some of our favorites, including the Top 10 Wells slide:
Read More “Range Resources’ Top 10 Wet Gas Wells, New Company Presentation”
Energy Companies | Ethane | Industrywide Issues | Pennsylvania | Pipelines | Range Resources Corp | Statewide PA

Range Resources 3Q13: Nearing 1 Bcf/d, Rev Up 29%, Costs Down 12%
October 30, 2013October 30, 2013

Range Resources, the heavyweight Marcellus driller that was the very first company to drill a Marcellus well (back in 2004), continues the flurry of third quarter updates with their own yesterday. Range reports that revenues (or cash flow) were up 29% vs one year ago, costs were down 12% vs one year ago, and the Marcellus was their date to the ball and they’re still dancing with her. They also report record production of 960 million cubic feet per day (Mmcf/d)–getting close the one billion cubic feet per day (Bcf/d) mark.

Range’s most interesting comments (to MDN) are about the Mariner West Project, an ethane pipeline that runs from the Marcellus all the way to Sarnia, Canada. Range is one of the main customers for Mariner West which is due to be “fully operational” in November. However, Range said in early September their first delivery of ethane had already reached Sarnia, which made us scratch our heads (see Sunoco Says Mariner West Opening Soon, but Range Already Using??). After reading Range’s statements below, we now understand that Sunoco Logistics has been testing the new pipeline and it will be fully up to speed sometime in November…
Read More “Range Resources 3Q13: Nearing 1 Bcf/d, Rev Up 29%, Costs Down 12%”
Energy Companies | Pennsylvania | Range Resources Corp | Statewide PA

Range Resources Nears 1 Bcf/d of Production in 3Q13
October 17, 2013

Range Resources announced today they are very close to joining the 1 Bcf/d (billion cubic feet per day) Club. Production of natural gas, gas liquids and crude reached an all-time high for Range in the third quarter–960 million cubic feet per day (Mmcf/d), which is a 21% increase from a year ago. Where is all that gas coming from? Mostly the Marcellus Shale.

Here’s the good news from Range:
Read More “Range Resources Nears 1 Bcf/d of Production in 3Q13”
Energy Companies | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Range Resources Corp | Washington County | Wastewater

Mt Pleasant Tells Range Resources “No Deal” on Water Impoundments
September 30, 2013September 30, 2013

An update of the ongoing kerfuffle between Range Resources and their four water impoundments (i.e. ponds) and Mt. Pleasant Township officials in Washington County, PA (for background, see Range Water Impoundment Public Hearing Postponed 2nd Time). Mt. Pleasant recently served Range with zoning violation notices for the four impoundments–they want them all closed. Range recently proposed a compromise that would allow them to keep three of the four impoundments open.

The town board of supervisors met and discussed Range’s proposal during a rare Saturday session–and said “no thanks” to the proposal…
Read More “Mt Pleasant Tells Range Resources “No Deal” on Water Impoundments”
Chesapeake Energy | Commodity Price | Coterra Energy (Cabot O&G) | Energy Companies | EQT Corp | Industrywide Issues | Range Resources Corp

Production from 4 Marcellus Drillers Keeps U.S. NatGas Prices Low
September 19, 2013September 19, 2013

An article on the investor website The Motley Fool does a good job of putting into context the enormous importance of the Marcellus Shale. According to the article, even though production from other major U.S. shale plays like the Haynesville has fallen in recent years, Marcellus production is up so dramatically it single-handedly keeps the price of natural gas low in this country.

The article (read it below) also gives a quick roundup of four key drillers driving the success of the Marcellus…
Read More “Production from 4 Marcellus Drillers Keeps U.S. NatGas Prices Low”
Energy Companies | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Range Resources Corp | Washington County | Wastewater

Range Water Impoundment Public Hearing Postponed 2nd Time
September 11, 2013September 30, 2013

In August MDN told you about the latest kerfuffle between Range Resources and Mt. Pleasant township in Washington County, PA. Range had built and maintains four water impoundments (think “pond”)–one for frack wastewater and three for fresh water storage. Range uses the impoundments to store and haul water to/from drill sites for use in fracking (see Range Resources Argues with Mt Pleasant over Water Impoundment). Residents object to the impoundments on the grounds that their original use–drilling wells in that immediate area–is long over. Range continues to use them to drill other wells, not only in Washington County but also in Ohio and West Virginia. Residents say Range has overstayed their welcome with the impoundments.

A public hearing was continued from August to September when the public didn’t get a chance to vent at the August meeting. Last night, the hearing was continued yet again–to October–because Range wants a witness to appear at the hearing that couldn’t make it last night…
Read More “Range Water Impoundment Public Hearing Postponed 2nd Time”
Energy Companies | Energy Services | Ethane | Industrywide Issues | Pipelines | Range Resources Corp | Sunoco Logistics

Sunoco Says Mariner West Opening Soon, but Range Already Using??
September 4, 2013September 4, 2013

Although not publicly announced by Sunoco Logistics Partners, MDN told you back at the end of July that we spotted an admission from Range Resources that the first batch of ethane had been piped from the Marcellus Shale in western PA to Sarnia, Ontario (Canada) via the Mariner West pipeline (see Big News: Marcellus Ethane Now Exporting to Canada Cracker Plant). Was Range lying? We don’t think so–but today we noticed a small article published by Bloomberg (known to fudge the truth) that says the Mariner West pipeline will begin service in late September or early October. Huh?…
Read More “Sunoco Says Mariner West Opening Soon, but Range Already Using??”