The oil and gas producer, which has a large operation in the Marcellus Shale in the Northeast, also agreed to sell properties in West Texas and New Mexico for $275 million. That transaction is expected to close in April.
For the year, Range earned $13 million on $1.46 billion in revenue. The results included $55.5 million in impairments taken during the quarter and more than $160 million in impairments for the year.
The wild artistic license of movies like Gasland notwithstanding, the common feeling in the media and, therefore, among the public, is that fracking is causing significant environmental damage (Energy Justice). However, it seems that fracking may be getting a bum rap, at least from the standpoint of toxic emissions.
A Jan. 16 Associated Press report on the Environmental Protection Agency's handling of a recent water contamination case allegedly involving the hydraulic fracturing process completely misrepresents the facts ("EPA changed course after gas company protested," chron.com.) The story falls well short of the AP's claim to journalistic standards.
Jim Fuquay of the Fort Worth Star Telegram discusses energy and rising gas prices with President and Chief Executive Officer, Jeff Ventura.
The Marcellus Shale: Powering an American Renaissance
President and Chief Executive Officer Jeff Ventura discuss's Range Resources' second Upper Devonian well in Appalachia, their current footprint in the Mississippi Lime, and how they are allocating capital between dry and wet gas projects.
Forbes Insights "2012 U.S. Energy Sector Outlook," surveyed 107 executives at middle market energy companies to assess their views on the industry and outlook for their companies, energy prices and trends in the coming years. Energy industry executives see the potential for great strides toward American energy independence in the coming years, with nearly half citing natural gas as the most critical fuel.
Range's CEO Jeff Ventura appears in a live interview on Monday, April 9, 2012 with Larry Kudlow on The Kudlow Report on CNBC. CNBC dedicated an entire day of coverage to discuss the various benefits that domestic natural gas production provides for the nation. This is part of the station's weeklong CERAWeek 2012 coverage.
On Monday, April 2, 2012, Energy in Depth released "Women of the Marcellus," a new video highlighting how Marcellus Shale development is re-uniting and strengthening families across Pennsylvania.
On March 30, 2012 the United States Environmental Protection Agency withdrew their December 10, 2010 Administrative Order against Range Resources and Range Production Company.
Range provides a detailed explanation of the meaning and possible effect of this recent court action.
Fox News Special Report with Bret Baier and John Roberts: Technology Is Turning Shale Into Viable Energy Source, but Safety Concerns Persist
Range has created a series of videos, Range Up Close, to help keep investors informed about topics impacting our business. Three new videos discussing Range's 2010 accomplishments are available in our video library.
Range's Chairman and CEO John Pinkerton discusses the future of natural gas with Jim Cramer.
Range's Chairman and CEO John Pinkerton discusses the potential impact of recent world events on natural gas demand with Erik Schatzker, anchor and editor-at-large on Bloomberg television's early-morning newscast "Inside Track."
The Texas Railroad Commission found Tuesday that natural gas wells operated by Fort Worth-based Range Resources clearly were not responsible for methane contamination of two Parker County water wells, as claimed by the U.S. Environmental Protection Agency.
Range President and Chief Operating Officer, Jeff Ventura, joins in a panel to discuss the impact of shale plays with American Oil and Gas Reporter magazine.
In spite of current severe winter weather across one-third of the nation and forecasts for more to come, Range Chairman and CEO John Pinkerton tells CNBC Correspondent Erin Burnett that consumers will pay lower prices for energy this heating season due to natural gas production from shale plays.
Range's Chairman and CEO, John Pinkerton, appeared on CNBC's Mad Money on November 18, 2010 discussing the Company's recent announcement to sell its properties in the North Texas Barnett Shale play in order to fund its growth in the Marcellus, which Pinkerton says has a "fantastic rate-of-return."
Speaking at the Fulbright & Jaworski L.L.P. annual energy roundtable held at the Fort Worth Club on October 20, 2010, Range’s President and Chief Operating Officer, Jeff Ventura, along with four other industry representatives, discussed the opportunities and challenges that lie ahead for the natural gas industry.
Range Resources Corporation announced that it has submitted its first hydraulic fracturing disclosure forms to the Pennsylvania Department of Environmental Protection (DEP). The information covers the first three Marcellus Shale wells in Pennsylvania that Range has hydraulically fractured since implementation of the voluntary initiative.
Range announces voluntary disclosure of Marcellus Shale completion additives.
Range Resources Corporation has earned recognition for its water-recycling and safety initiatives in the Marcellus shale play.
In late 2009, Range donated $100,000 to Dollar Energy Fund to assist families in Washington County, Pa. and surrounding areas who need help paying their utility bills during the cold winter months. The mission of the Dollar Energy Fund is to improve the quality of life for households experiencing hardships by providing utility assistance.
Many of our investors, landowners and community groups have asked questions about the safety and the environmental impact involved in drilling shale wells in our various core areas of the Marcellus (Pennsylvania), Nora (Virginia) and Barnett (Texas) Shales.
At a time when society demanded a clean, abundant, reliable, versatile, and secure source of energy – American natural gas producers like Range Resources delivered. Thanks to the application of proven technologies and American ingenuity, the United States now enjoys a growing 100-year supply of clean burning natural gas. As such, we are experiencing an energy renaissance thanks to America’s new natural gas.