Range Resources Corp

Energy Companies | Range Resources Corp

Range Resources 3Q12: 24 New Wells in ‘Super-Rich’ Marcellus
October 25, 2012October 25, 2012

Range Resources posted its financial and operating update for the third quarter of 2012 yesterday. MDN has pulled out the operational report for the Marcellus Shale and includes it below. Of particular interest in the Range update are two items: 1) Range’s continued focus on what they call their “super-rich” area of the Marcellus—an area they define as having wet gas present with 1,350 Btus or higher; 2) Range had a “significant step-out well” in the super-rich area that tested at 1,044 barrels per day of natural gas liquids.

MDN has also included (below) a copy of a map Range published as part of a presentation earlier this year outlining where the super-rich area for them is located.

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Energy Companies | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Range Resources Corp | Regulation | Washington County

PA State Rep. White Accuses Range Resources of Extortion
October 25, 2012October 25, 2012

Pennsylvania State Rep. Jesse White (D) from Cecil, PA (Washington County) is a well-known and devoted anti-driller. He’s accusing Range Resources of attempted extortion of the Town of Cecil. Here’s the background:

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Energy Companies | Range Resources Corp

Range Resources Release Q312 Production Numbers
October 11, 2012October 11, 2012

Range Resources, the original driller of the Marcellus Shale in Pennsylvania, announced its third quarter production results today. All of the numbers that should be up are up. Year over year, Range’s natural gas production is up 52%, natural gas liquids production is up 30%, and oil production is up 36%.

From the Range announcement:

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Energy Companies | Energy Services | Exporting | Industrywide Issues | NGLs | Pennsylvania | Pipelines | Processing Plants | Range Resources Corp | Statewide PA | Sunoco Logistics

Range Announces They’re Main Shipper for Mariner East Pipeline
September 27, 2012September 27, 2012

In a follow-on announcement to Sunoco Logistics Partners (see this MDN story), Range Resources says it is the anchor shipper for the Mariner East Pipeline that will connect western Pennsylvania to the Marcus Hook refinery near Philadelphia. Range announced they’ve signed a 15-year agreement with Sunoco to ship Marcellus Shale natural gas liquids to the Philly refinery. They also announced they’ve signed a 15-year contract to export and sell ethane to INEOS Europe from the Marcus Hook refinery. Range plans to start selling 10,000 barrels per day beginning in 2015 and eventually double that to 20,000 bpd.

Here is the lengthy press release from Range announcing their deal with Sunoco Logistics and also listing other NGL sales agreements Range has negotiated:

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Crawford County | Energy Companies | Pennsylvania | Range Resources Corp

Crawford County, PA Sees First Utica Shale Well Drilled
September 19, 2012September 19, 2012

Although there’s plenty of conventional, shallow gas wells in Crawford County (in the northwestern corner of Pennsylvania), the very first unconventional, horizontal well has just been drilled in the Utica Shale in Crawford County. Starting as soon as today, it will be fracked.

Here’s the details:

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

Some Landowners Find Waiting Too Long to Lease Doesn’t Pay
August 27, 2012August 27, 2012

Hopewell Township in Washington County, Pennsylvania is the state’s single most densely drilled township. Leases in Hopewell go back to the 2005, the dawn of the modern shale gas drilling age in PA, and the driller who holds almost all of the leases in Hopewell is Range Resources, the company that sank the very first Marcellus Shale well which happened to be in Mt. Pleasant Township, which borders Hopewell (drilled in 2004).

Most of the residents of Hopewell have a tie to the shale drilling industry—either as landowners with leases or with jobs working directly or indirectly with the drilling industry. But that doesn’t mean landowners in Hopewell are getting top dollar for leasing their property. Quite the contrary. This is a cautionary tale about waiting too long to lease in hopes of getting a better price…

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Energy Companies | Range Resources Corp

Podcast: Robert Mangino Talks with Range’s Matt Pitzarella
August 8, 2012August 8, 2012

Pittsburgh KDKA 1020 Radio’s Robert Mangino talks with Matt Pitzarella of Range Resources and Gene Barr, president of the Pennsylvania Chamber of Business and Industry. Robert Mangino hosts a Marcellus Shale hour on his radio talk show each Tuesday at 7 pm.

Listen to the latest show below:

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Crawford County | Energy Companies | Pennsylvania | Range Resources Corp

Crawford County, PA First Shale Well Drilled in Utica
July 20, 2012July 20, 2012

Range Resources has begun drilling a Utica Shale well in Crawford County, PA (northwest corner of the state), which is the very first shale well—Utica or Marcellus—to be drilled in Crawford County. But it’s not the only well they plan to drill.

An update on what’s known about Range’s plans for Crawford:

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Crawford County | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Range Resources Corp | Utica Shale

Crawford County, PA First Utica Shale Well Fracked
July 18, 2012July 18, 2012

Crawford County, PA, a county in the northwest corner of the state bordering Ohio, is about to have its first Utica Shale well (in fact, its first shale well of any kind) fracked by the driller who started the shale revolution in the Marcellus: Range Resources.

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Energy Companies | Range Resources Corp

Range Resources O&G Production Sees Huge Increase in 2Q12
July 12, 2012December 19, 2012

Range Resources announced second quarter results today. Production volumes for all classes (natgas, NGLs and oil) are up an eye-popping 42% over the same quarter last year, and up 10% from the first quarter of this year. And if they remove the Barnett Shale numbers from the equation for last year, production would have been up 51%. Range sold off their Barnett assets last year, which included 390 active wells on 52,000 net acres. Range’s main focus continues to be the Marcellus and Utica Shale region.

Production, by volume, was 80% natural gas, 14% natural gas liquids, and 6% crude oil. From the press release:

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Brooke County | Chesapeake Energy | Energy Companies | Equinor/Statoil | Industrywide Issues | Lease & Royalty Payments | Litigation | Range Resources Corp | West Virginia

WV Couple Challenges Chesapeake Lease Renewal
June 13, 2012June 13, 2012

A husband and wife in Brooke County, West Virginia are suing to have their 5 year-old lease, which is now expired and up for renewal, nullified so Chesapeake (now the owner of the lease) cannot automatically renew it as they are attempting to do.

Increasingly landowners who signed leases that are now expiring after a customary 5 year period face the same issue—and drillers are trying to lock them in under the terms of lease for a new period of time.

Here’s the story of Ramon and Lois Bowen:

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Accidents | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Range Resources Corp | Washington County

EPA Investigating Range Drill Site in Western PA
June 11, 2012June 11, 2012

The federal Environmental Protection Agency (EPA) is investigating whether or not drilling activity by Range Resources at their Yeager Marcellus Shale site in Washington County, PA is causing air pollution and groundwater contamination. Range operates a wastewater pond and a drill cuttings pit at the site.

Several families living close to the site filed a personal injury lawsuit last month against Range.

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Accidents | Energy Companies | Hydraulic Fracturing | Industrywide Issues | Pennsylvania | Range Resources Corp | Washington County

PA Resident Wins Right to Appeal DEP Water Contamination Case
May 23, 2012May 23, 2012

The Pennsylvania Environmental Hearing Board (EHB) ruled on May 16 that a Washington County resident who claims that nearby shale gas drilling is responsible for his water well being contaminated with methane and chemicals can appeal a Department of Environmental Protection (DEP) determination that his well was not contaminated by shale drilling.

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Energy Companies | Hydraulic Fracturing | Industrywide Issues | Range Resources Corp | Regulation

EPA Administrator Al Armendariz Resigns over Crucify Comment
May 1, 2012May 1, 2012

Al Amrendariz, EPA Region 6 administrator (Texas and surrounding states) has been hoist by his own petard. Yesterday he resigned—in disgrace. It seems nearly everyone (but anti-drillers) were calling for his resignation after a video of Armendariz came to light where he outlined his philosophy of enforcement against energy company “violators” to that of the Romans who used to enter a village, find the first five men, and crucify them—which had the effect of, shall we say, making everyone else behave themselves (see MDN’s previous story on Armendariz to watch the infamous video).

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Energy Companies | Industrywide Issues | Range Resources Corp | Regulation

EPA Region 6 Administrator: Crucify Energy Companies
April 26, 2012April 26, 2012

Lest you think MDN is a bit off the reservation when it comes to criticisms of the federal Environmental Protection Agency (EPA), you might want to read about EPA Region 6 administrator Al Armendariz in an expose by Forbes magazine. Region 6 oversees Texas and surrounding states. Armendariz, a former professor at Southern Methodist University and appointed by President Obama in November 2009 to be Region 6 administrator, is caught on tape talking about his philosophy of “enforcement” and how to target oil and gas companies. He compares his approach to enforcement to how the Romans used to enter a village, find the first five men they could find and crucify them on the spot so the other villagers would be compliant. (See the embedded video below.)

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Energy Companies | Range Resources Corp

Range Resources Slide Deck: Complete with Cool Maps
April 26, 2012April 26, 2012

As part of Range Resource’s first quarter financial and operational update they released a PowerPoint presentation. With a theme of “inflection point,” Range lays out the case for why they believe double-digit growth is ahead for the company in the coming years. As MDN reviewed the slide deck, we found a number of slides we think you might like to view, so we’ve embedded the slide deck below and call your attention to the following slides:

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