Stay updated with breaking news from Range Resources Corp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Investors in shale oil and gas companies suffered for years with little or no returns for the money they invested. Five of eight large Marcellus/Utica drillers saw their share prices decrease by an astonishing 85% or more from 2008 to 2019 (see Former EQT CEO: Shale Revolution a “Disaster” for Investors). Just prior to the
Operator: Welcome to the Range Resources First Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
New shale permits issued for Apr. 17-23 in the Marcellus/Utica picked up five from the prior week. There were 25 new permits issued in total last week, up from 20 in the prior week. Last week’s tally included 21 new permits for Pennsylvania, 2 new permits for Ohio, and 2 new permits in West Virginia.
Yesterday Range Resources Corporation issued its first quarter 2023 update and held a conference call with analysts. On the call, retiring (as of May 10th) CEO Jeff Ventura proclaimed Range sits at the best spot it’s been in history. Ventura said, "For the Marcellus, the future is very bright." Incoming CEO (currently COO) Dennis Degner
Free cash flow (FCF) refers to a company's available cash repaid to creditors and as dividends and interest to investors. Companies typically use FCF to buy back shares of stock, pay fatter dividends, or pay off creditors. When the price of natural gas went through the roof last year, natural gas drillers were rolling in