Range Resources Corp

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…
Read More “PA Judge Forces Range, Contractors to Provide Chemical List”
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??”
Crime | Energy Companies | Industrywide Issues | Lease & Royalty Payments | Pennsylvania | Range Resources Corp | Washington County

When Landmen Go Bad: Butler, PA Landman Arrested for Fraud
August 23, 2013August 23, 2013

A landman for Penn-Star Energy of Butler, PA, working to secure leases for Range Resources, is accused of a huge scam.

Apparently he used fake companies and forged signatures to steal away mineral rights from some landowners in Washington County, PA–worth more than $1 million…
Read More “When Landmen Go Bad: Butler, PA Landman Arrested for Fraud”
Energy Companies | Lease & Royalty Payments | Pennsylvania | Range Resources Corp | Statewide PA

PA Director of Game Commission Double-Dipping with Gas Leases?
August 19, 2013August 19, 2013

An extensive investigative article about the director for the Pennsylvania Game Commission, William A. Capouillez, appears in yesterday’s Philadelphia Inquirer. The article spotlights a potential conflict of interest between Capouillez’s day job and his moonlighting side job as an agent for property owners who lease their land for oil and gas development. The issue? He signs private deals with the same companies that often work with his state agency. For one driller–Range Resources–it’s become a serious (legal) issue.
Read More “PA Director of Game Commission Double-Dipping with Gas Leases?”
Energy Companies | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Range Resources Corp | Regulation | Washington County

Range Resources Argues with Mt Pleasant over Water Impoundment
August 14, 2013August 14, 2013

Range Resources seems to have a problem maintaining good relations with southwestern PA townships on the matter of water impoundments. In May, MDN told you about Cecil Township’s concerns over a 15 million-gallon water impoundment still actively used by Range even though the three gas wells at the impoundment site were drilled long ago (see Cecil, PA Supervisors Want Better Relations with Range, but…). Range had another tangle with a town board last night–this one in Mt. Pleasant Township. The same issue has once again appeared: a water impoundment is being used not for the wells drilled at the site, but for other wells being drilled in the region.

According to Cecil and now Mt. Pleasant officials, Range has the habit of expanding the use of water impoundments from their original intent. Range says the water impoundments are properly regulated by the state and not the towns. Who’s right?
Read More “Range Resources Argues with Mt Pleasant over Water Impoundment”
Energy Companies | Industrywide Issues | Litigation | Pennsylvania | Range Resources Corp | Washington County

Bombshell Disclosure in “Final” Document of Hallowich Court Case
August 13, 2013August 13, 2013

Two weeks ago, MDN told you the final document in the long, drawn-out affair known as “the Hallowich family” court case had been released (see Last Document Released in Hallowich v Range $750K Settlement). We were wrong.

Yesterday, the final final (pinky swear) last document was finally finally released. Until the next one comes along… Yesterday’s document was the confidential settlement agreement (embedded below). It contains a bombshell surprise…
Read More “Bombshell Disclosure in “Final” Document of Hallowich Court Case”
Energy Companies | Industrywide Issues | NG Vehicles | Pennsylvania | Range Resources Corp | Statewide PA | Washington County

Range Rolls Out New Fleet of CNG Trucks in SW PA
August 8, 2013August 8, 2013

Range Resources is practicing what it preaches–or rather consuming what it produces. Yesterday at a ceremony at Range’s regional HQ in Southpointe (near Pittsburgh), the company showed off a new fleet of Dodge and Chevy pickup trucks that run on compressed natural gas (CNG). With the new trucks added, Range now operates 100 of them out of their Southpointe operation. With CNG prices running at the gasoline equivalent of around $2 per gallon, Range says the trucks will pay for themselves within two years due to the low price of using CNG.

According to the PA Dept. of Environmental Protection, by the end of this year there will be 100 CNG fueling stations across PA. More and more Pennsylvanians are interested in converting to CNG vehicles…
Read More “Range Rolls Out New Fleet of CNG Trucks in SW PA”