HOUSTON, March 14, 2022 /PRNewswire/ -- U.S. Well Services today announced it has finalized an agreement with a subsidiary of Range Resources Corp. to extend its existing electric fleet contract with Range following its expiration in November 2022. Under the terms of the extension, USWS will deploy a new Nyx Clean Fleet® in November 2022 that will support Range's Appalachian completion program through the end of 2024 [...]
Range Resources Corp. today announced its fourth quarter 2021 financial results and plans for 2022. Fourth Quarter and Full-Year 2021 Highlights - Reduced net debt in 2021 by $379 million compared to year-end 2020 All-in 2021 capital spending was $414 million, approximately $11 million less than original budget 2021 daily production averaged 2.13 Bcfe per day 2021 NGL realizations averaged a premium of $1.18 per barrel [...]
Range Resources Corp. today announced that year-end 2021 proved reserves increased to 17.8 Tcfe and SEC PV10 increased to $14.9 billion. Commenting, Jeff Ventura, the Company's CEO said. "Consistent with past reserve updates, this year's report reflects the quality, scale and repeatability of Range's asset base with our 14th consecutive year of positive performance revisions. Range's strong reserve report is supported by [...]
Range Resources Corp. today announced that fourth quarter 2021 production averaged approximately 2,198 Mmcfe per day, and fourth quarter 2021 all-in capital spending totaled $92.3 million. In addition, Range realized $29.5 million in contingent derivative settlement gains in fourth quarter 2021. Production and Pricing Fourth quarter 2021 daily natural gas production averaged approximately 1,534 Mmcf per day. The average [...]
Range Resources Corp. announced today that it has priced at par an offering of $500 million aggregate principal amount of senior notes due 2030 , which will carry an interest rate of 4.75%. Range expects that the net proceeds of the offering will be approximately $492.0 million. Range intends to use the net proceeds from the offering, together with cash on hand and borrowings under its bank credit facility, to redeem all [...]
Range Resources Corp. announced today that it intends, subject to market conditions, to offer $500 million aggregate principal amount of senior notes due 2030 in a private placement to eligible purchasers. Range intends to use the net proceeds from the offering, together with cash on hand and borrowings under its bank credit facility, to redeem all of its outstanding 9.250% senior notes due 2026 . Range intends to issue a [...]
Range Resources Corp., a leading U.S. independent natural gas and NGL producer, is the well-site operator Rising Phoenix Royalties reveals another natural gas royalty acquisition spanning 98 net royalty acres in the Marcellus Shale, Washington County, PA. Range Resources Corp., , a leading US independent natural gas and NGL producer, is the well-site operator. "Our clients chose to divest out of their oil and gas [...]
2021 Range Resources Corp. announced the publication of an updated Corporate Sustainability Report today. The 2020-2021 Corporate Sustainability Report provides a detailed insight into Range's approach, achievements, and goals on environmental, social, and governance topics. This report covers a broad set of focus areas, with an emphasis on material subjects for the business and key stakeholders. With this report, we hope [...]
Range Resources Corp. today announced its third quarter 2021 financial results. Highlights - Realizations before index hedges of $4.37 per mcfe, or approximately $0.36 above NYMEX natural gas Pre-hedge NGL realization of $34.05 per barrel, a $6.14 per barrel increase versus prior quarter Natural gas differentials, including basis hedging, averaged $0.35 per mcf below NYMEX All-in third quarter capital spending was $96 [...]
Range Resources Corp. announced today that its third quarter 2021 financial results news release will be issued Tuesday, October 26 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Wednesday, October 27 at 9:00 a.m. ET . A webcast of the call may be accessed at www.rangeresources.com. The webcast will be archived for replay on the Company's [...]
Range Resources Corp. today announced the appointment of Reginal W. Spiller to its Board of Directors, concurrent with the retirement of Dr. Steffen A. Palko, effective September 27, 2021. Range Chairman, Greg Maxwell stated, "We are very pleased to announce the addition of Reg Spiller to the Range board. Mr. Spiller has extensive experience in the oil and gas industry and has served our country at a high level in the [...]
Range Resources Corp. today announced its second quarter 2021 financial results. Highlights - Realizations before index hedges of $3.25 per mcfe, or approximately $0.41 above NYMEX natural gas Pre-hedge NGL realization of $27.92 per barrel, highest since 2014 NGL differential of $2.24 per barrel above Mont Belvieu Natural gas differentials, including basis hedging, averaged $0.39 per mcf below NYMEX All-in second quarter [...]