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Operator: Welcome to the Range Resources Second Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
Range Resources' new CEO, Dennis Degner, told analysts yesterday during a quarterly update that he doesn't think the commodity price of natural gas and the overall demand for natgas will increase for the rest of this year and most of next year. So Degner will keep the company's drilling program active enough to keep production
Range Resources Corp., whose fortunes are tied to the Marcellus Shale, faced headwinds during the second quarter on weaker natural gas prices, but
New shale permits issued for Jun 26 - Jul 2 in the Marcellus/Utica saw a dramatic increase, thanks to a bump in Pennsylvania's numbers. There were 39 new permits issued last week, way up from 11 issued the previous week. Last week’s permit tally included 30 new permits in Pennsylvania, 8 new permits in Ohio,
For individuals, discretionary income is what’s left after you pay your taxes and fixed costs like housing, food, and clothing. For shale drillers, the equivalent to discretionary income is cash flow from operating activities (CFOA), which is the net income a company generates adjusted for non-cash expenses like depreciation and stock-based compensation, and for changes