With this strategy we have established an excellent track record of growth. More importantly, we now have the best inventory of projects in our Company’s history. With 1.1 million net acres in the Marcellus Shale Play, as well as a number of other low-cost, low-risk targets, we have the potential to grow our proven reserve base by 9 to 12 times.
Canonsburg, Pa. – At this week’s annual meeting of the Marcellus Shale Coalition (MSC) -- where more than 250 natural gas-related companies reinforced their commitment to environmental and operational transparency and safety – the organization released a new video entitled, “The Marcellus Shale: Building a Stronger, More Secure America.” The video highlights strong job creation in the five-state Marcellus region in spite of a bleak job picture nationally.
RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its 2012 capital expenditure budget has been set at $1.6 billion. The capital budget includes $1.3 billion for drilling and recompletions, $215 million for leasehold, $47 million for seismic and $73 million for pipelines and facilities. Approximately 75% of the budget will be targeted toward liquids-rich and oil projects predominately in the Marcellus Shale and horizontal Mississippian plays. As a result of its capital program, Range has increased its 2012 production growth target to 30 - 35%. For 2012, all-in finding and development costs are projected to average $1.00 per mcfe or less.
All Releases +