Page 7 - Range Resources Corp News Today

The sharp analysts at RBN Energy have sifted through the announcements and "guidance" statements from 42 of the country's major publicly-traded oil and natural gas drillers for 2023. Among them are 11 gas-focused drillers, nine of which have operations in the Marcellus/Utica region. Looking at the list of 11 gas-focused drillers, RBN finds production will

New shale permits issued for Mar. 13-19 in the Marcellus/Utica dropped by two from the prior week--we think. There were (we think) 28 new permits issued in total last week, including 24 new permits for Pennsylvania, 4 new permits for Ohio, and West Virginia's permit database seems to be broken. Hence our comment that we're

Last Friday, we brought you the big news that Jeff Ventura, the long-time CEO of Range Resources (and the first guy to drill a Marcellus well, ever), is retiring in June (see Range CEO Jeff Ventura Retiring, COO Dennis Degner to Replace Him). Dennis Degner, Range's current top driller, has been tapped to replace him.

Ventura exits Range Resources weeks after reports that the Marcellus E&P might be purchased by Pioneer Natural Resources, which the Permian company denied.

This is huge news. Range Resources dropped the bombshell yesterday that long-time CEO Jeff Ventura (65 years old), who has been with the company for almost 20 years (started out in 2003 as Chief Operating Officer), and the guy who drilled the very first Marcellus Shale well ever (in 2004), is retiring in June. Equally

New shale permits issued for Feb. 20-26 in the Marcellus/Utica slide lower last week. There were 29 new permits issued in total last week (down from 35 the week before), including 24 new permits for Pennsylvania, no new permits for Ohio, and five new permits issued in West Virginia. Last week the top receiver of

Range Resources Corporation, the very first driller to sink a Marcellus shale well back in 2004 in western Pennsylvania, issued its fourth quarter and full-year 2022 update yesterday. During 2022, Range generated record cash flow from operations of $1.9 billion and produced an average of 2.1 billion cubic feet equivalent per day (Bcf/d) of natural

The rumor mill kicked into overdrive on Friday when Bloomberg published an article saying Pioneer Natural Resources Co., one the largest independent oil producers in the U.S., is considering (negotiating for) an acquisition of Marcellus driller Range Resources Corp., according to "people familiar with the matter." Range was the very first company to drill a

The Texas-based oil and gas explorer is weighing a deal for the smaller U.S. rival as it seeks further consolidation in the shale industry, the people said, asking not to be identified discussing confidential information.

New shale permits issued for Feb. 13-19 in the Marcellus/Utica remained elevated last week. There were 35 new permits issued in total last week (down slightly from 40 the week before), including 27 new permits for Pennsylvania, three new permits for Ohio, and five permits issued in West Virginia. Last week the top receiver of