Range Resources
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| '''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. | '''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 its Marcellus leasehold. Between 2005 and 2008, counting all drilling and infrastructure costs, its investment has been $700 million. | + | Reportedly, it has already invested $500 million in its Marcellus leasehold alone. Between 2005 and 2008, counting all drilling and infrastructure costs, its investment has been $700 million. |
| 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. | 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. | ||
Revision as of 22:02, 24 October 2008
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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 its Marcellus leasehold alone. Between 2005 and 2008, counting all drilling and infrastructure costs, its investment has been $700 million.
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.
Range was reported in September, 2008 to be actively leasing drilling rights in Greene County in the southwest corner of Pennsylvania.
According to an October, 2008 report the company has recorded 172 leases during 2008 with the Bradford County Registrar of Deeds. Bradford County is located in northeastern Pennsylvania.
Another October, 2008 report indicated that Range is heavily involved in Washington County in southwestern Pennsylvania. In 2003, it drilled a test well in the 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.
Mark West Energy has built and maintains a gas gathering system and compression facilities for Range's Marcellus production. Part of the infrastructure is a refrigeration processing plant located in Chartiers Township in Washington County. Range's wells there are starting to come on stream with this plant.
John Pinkerton is the company President.
Rodney Waller is Vice President of Appalachia Shale.
