Range Resources Drills Ahead at Tx. Well

Range Resources updated on the Russell Bevly #1 appraisal well as part of the North Chapman Ranch Joint Venture’s multi-well
program in Texas.

The appraisal well Russell Bevly #1 spudded on May 9, 2010 and is progressing as follows:

Name of Well Russel Bevly #1
Spud Date May 9, 2010
Current Depth of Well ~6,435 ft. (1,959m)
Target Depth of Well ~14,000 ft. (4,268m)
RRS Beneficial Interest 20%

 

The projected total depth of the well is 14,000 ft. (4,268m), and located approximately 1,900 ft. (570m) north-northwest of the Smith #1. Range holds a 20% working interest in the well, which has an estimated dry hole cost of $US3.8m (Range share US$760,000 which was pre-paid).

Range will provide regular updates on the progress on the drilling of the Russell-Bevly well.

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