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Tag Archives: Range Resources

Range Resources reports second-quarter loss

Range Resources lost $119 million in the second quarter despite cutting back on the number of rigs deployed and the amount of money spent to drill each well. The Fort Worth-based energy company lost 71 cents per diluted share versus earnings of $171 million, or $1.04 per diluted share, in the second quarter of 2014. The results were released Tuesday ...

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EQT Midstream Partners and Range Resources are teaming up

It’s official, EQT Midstream Partners LP and Range Resources Appalachia LLC have entered a definitive agreement together to construct a natural gas header pipeline. The pipeline will be located in southwestern Pennsylvania and will support Range Resources dry development in the Marcellus and Utica Shale formations.  It will provide over half a billion cubic feet per day of firm capacity ...

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Drillers to submit electronic records on fracking chemicals for Pa. DEP to check, enforce

Pennsylvania will require shale gas companies to disclose electronically the chemicals they use in hydraulic fracturing in a new state-run database by next summer. Department of Environmental Protection Secretary John Quigley said the department will end its partnership with FracFocus, an independent online catalog of fracking records, and develop what he considers a more comprehensive and user-friendly online database. “Our ...

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Range Resources releases first-quarter results


On Tuesday, Range Resources announced its first-quarter results, which had a couple big highlights. During the first-quarter, which ended on March 31st, Range Resources recorded a few key events and statistics that occurred: -Production volumes reached a record high, averaging 1,328 Mmcfe per day, a 26% increase over the -prior-year quarter. -Unit costs declined $0.53 per mcfe, or 15% compared ...

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Industry still failing at transparency

Last week, the Natural Resources Defense Council (NRDC) released a report identifying the top 10 oil and gas companies based on spills and legal violations from operations. Moreover, in their endeavor the NRDC along with the Frac Tracker Alliance found that only three out the 36 states with active oil and gas operations make information about companies’ spills and legal ...

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Energy companies explore lower shales for greater yields of gas, liquids

Marcellus shale

Low natural gas prices that have companies balancing spending cuts with promises of ramped-up production are driving some new development in the Utica and Point Pleasant shale, where deeper wells can yield more gas and liquids. Range Resources, Consol Energy, and Rice Energy are among Marcellus shale producers reporting positive results from their Utica and Point Pleasant wells, and are ...

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Everyone is taking hits from gas prices, even food

oil and money

Over the past months, oil and natural gas prices have fallen and caused job cuts, facility closings, rent decreases and even cutbacks on food production. The most common issue when it comes to falling energy prices is job cuts.  Most recently, Siemens Energy Inc. laid off 240 employees from its Mount Vernon plant.   Siemens Energy, which was acquired by Rolls-Royce ...

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Utica well activity in Ohio

Many oil wells valve

Activity in the Utica has gone up a tiny bit when compared to our last Utica well report published on March 19th.  During the week ending on the 21st, a total of ten horizontal permits were issued and 26 rigs were up and running in the shale formation. While production numbers have fluctuated up and down the past few weeks, ...

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