Range Resources
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Revision as of 18:43, 21 October 2008
Here is where some info about Range Resources should go. This article is still a stub and needs your attention. It does not have a template and contains minimal information. Please dive in and help it grow!
Range Resources (nyse: RRC) of Fr. Worth, TX is the biggest gas producer in Pennsylvania and is one of the largest drillers in the U.S. Reportedly, it has already invested $500 million in the Marcellus play.
Range is the granddaddy of Marcellus Shale drillers, and reportedly will invest $426 million in Appalachia during 2008. As of approximately April, 2008, it had 12 horizontal wells. The most recent six had produced 5 MCF/day using horizontal drilling techniques. That compares very favorably with the drilling results from the Barnett shale play in North Texas.
By October the company was reporting that it had drilled one hundred-thirty wells in the Appalachian Basin. One hundred were vertical ones and thirty horizontal. The same report indicated Range had leased drilling rights on 900,000 acres of land in Pennsylvania.
In September, 2008, the Range was reported to be actively drilling in the Susquehanna Basin of Pennsylvania. It paid a fine to the Susquehanna River Basin Commission of $475,000 for not complying with limits on water withdrawal for wells in the Basin.
Mark West Energy has built and maintains a gas gathering system and compression facilities for Range's Marcellus production.
Range was reported in September, 2008 to be actively leasing drilling rights in Greene County, Pennsylvania.
According to an October, 2008 report the company has recorded 172 leases during 2008 with the Bradford County, Pennsylvania Registrar of Deeds.
Another October, 2008 report indicated that Range is heavily involved in Washington County in Southwestern Pennsylvania, and it has established a gas processing plant in that area. It has new Marcellus wells there that are starting to come on stream with the plant. In 2003, it drilled a test well in Washington County's 2,700-acre Cross Creek Park that was successful. Now three wells in the park are producing 30 million cubic feet of gas per day.
John Pinkerton is the company President.
Rodney Waller is Vice President of Appalachia Shale.
