Range Resources Company News

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Range to Sell Louisiana Acreage, Cut 100 Jobs
Tuesday, August 04, 2020Range Resources Corp. is selling its Louisiana shale fields for about one-10th of what it paid for them just four years ago.

Range Awards Electric Frac Contract
Friday, January 31, 2020Range Resources will deploy electric hydraulic fracturing in Appalachia.

Is Chevron's $11B Write-Down an Oilpatch Warning?
Tuesday, January 14, 2020Current market conditions are resulting in many US fracking projects failing to break even.

Range Resources Closes Houston Office, Lays Off Staff
Wednesday, November 13, 2019U.S. natural gas producer Range Resources Corporation will be closing its Houston office, resulting in the layoffs of 50 Houston employees.

'Smart' Appalachian Operators Can Handle Sub $2 Natural Gas
Friday, September 27, 2019Conventional natural gas production site in Pennsylvania, a state at the heart of rising production volumes in the U.S. Appalachian Basin. (Photo: Gaurav Sharma, Sept. 10, 2019)

Promised Land for Gas Drillers Turns Into Glutted Beach
Tuesday, February 06, 2018Natural gas producers who last week were basking in the strongest price environment in almost a quarter century are getting crushed.

Range Recalls 'Incredibly Creative Solution' for Marcellus/Utica 'Problem'
Wednesday, April 26, 2017'Dragon-class' and VLEC vessels facilitate transoceanic trade of surplus US ethane.

Oil, Gas CEOs Optimistic about Future of E&P in North America
Friday, March 10, 2017Oil and gas CEOs Harold Hamm, Jeff Ventura and Al Walker are ready to ramp up US exploration and production activity and hope the industry is equipped.

PwC: Oil Price Stability Drives Uptick in M&A Deals
Thursday, July 28, 2016Higher commodity prices and cautious optimism resulted in a rise in oil and gas merger and acquisition deals in the second quarter of 2016, according to PwC findings.

Oil, Gas Companies Tighten Cash Flow at Expense of Future Growth
Tuesday, July 26, 2016Oil and gas companies will achieve cash flow neutrality at $50 per barrel Brent crude this year, but have damaged their growth prospects to meet this goal.

Range On Track for 1,000 Bopd in Trinidad by End 2015
Thursday, September 24, 2015Range Resources is on track to achieve its previously announced production target of 1,000 barrels of oil per day in Trinidad by the end of 2015.

Range Spuds First of 22 Well Program in Trinidad
Monday, September 07, 2015Range Resources Limited spuds the first development well of its planned 22 well program in Trinidad.

Range Confirms Plans to Drill 22 Wells in Trinidad by 2016
Monday, August 24, 2015Range Resources confirms plans to drill 22 exploration and development wells in Trinidad by the end of the first quarter of 2016.

Range Resources Plans to Increase Trinidad Production during 2H 2015
Friday, August 07, 2015Range Resources plans to increase production in Trinidad during the second half of 2015, following a production decrease of eight percent during June and July.

Range Resources Increases Production, Revenue
Friday, July 31, 2015Range Resources' oil and gas production in Trinidad rises by 8% in the second quarter of 2015, compared to the previous quarter, resulting in a revenue increase.

Range Resources to Spud Canari North Well in Trinidad
Tuesday, July 14, 2015Range Resources expects to spud the Canari North Exploration Well, located on the Guayaguayare Block onshore Trinidad, during the week commencing July 27, 2015.

Range Resources Secures Funding Deal with Chinese Investment Group
Tuesday, May 26, 2015Range Resources signs Memorandum of Understanding with Beijing Sibo Investment Management, which could unlock up to $35 million of funding.

Range Resources To Pay $4M Drilling Waste Fine
Thursday, September 18, 2014Range Resources has agrees to pay a $4.15 million fine for problems at a western Pennsylvania site that handled natural gas drilling waste.

Range Resources Faces Fine Over Pennsylvania Fracking Wastewater Leak
Wednesday, August 06, 2014Range Resources did not properly monitor leaks from a wastewater containment pond in Pennsylvania and the state has begun enforcement action that could lead to a fine, state officials say.

Range Welcomes Approval of Trinidad Tax Incentives
Tuesday, June 17, 2014Range Resources welcomes the approval by the Trinidad and Tobago government of new fiscal incentives designed to reward companies with accelerated development and exploration programs.

Range Makes Progress with Trinidad Assets
Tuesday, April 22, 2014Range Resources reports progress with its onshore assets in Trinidad.

New CEO for Range Resources
Monday, February 03, 2014Range Resources appoints new CEO and non-exec directors as it prepares for its Trinidad field development program.

Range's QUN 142 Well in Production
Monday, June 10, 2013Range says QUN 142 well in Trinidad is now flowing at 75 barrels of oil per day, and issues operations update indicating its production in the country will get over 1,200 bopd.

Range Proposes Tie-up with International Petroleum
Wednesday, April 24, 2013Range Resources is proposing a merger with International Petroleum to see an enlarged company that will focus on projects in Russia, Trinidad and onshore Africa.

Juniors Strike Georgian Gas Deal
Monday, February 18, 2013Junior energy firms Range Resources and Red Emperor Resources strike a deal with Georgian Industrial Group to develop a CBM project in the Republic of Georgia.

Chesapeake Energy to Host EPA in Study of Fracking Risk to Water
Thursday, January 24, 2013Natural gas producer Chesapeake Energy has agreed to let the Environmental Protection Agency conduct extensive tests at one of its drilling sites as part of an investigation into the safety of hydraulic fracturing.

Somalia Result 'Kills' Prospectivity of Shabeel Wells
Tuesday, August 28, 2012A disappointing result from the Shabeel North well in Puntland, onshore Somalia, means that Horn Petroleum and its partners will need to looking elsewhere in the region.

Somalian Well Test Disappoints
Monday, July 23, 2012Horn Petroleum, operator of the Shabeel North well in Puntland, has conducted a drill stem test that found only water.

Is East Africa the Next Major Oil and Gas Region?
Friday, July 20, 2012Looking back, Rigzone recalls 15 key news stories that have shaped the upstream oil and gas industry.

More Oil at Somali Well
Monday, May 14, 2012Horn Petroleum has encountered further oil shows at its Shabeel-1 well in Puntland, Somalia, to add to the 490 feet of oil it discovered in early April.

Range Resources Reports Further Success at North Chapman Ranch
Friday, March 09, 2012Range Resources says it is working to achieve maximum rate and recovery from its Smith #2 well, while Albrechet #1 well confirms presence of the Howell Hight reservoir in the area.

Range Resources Reports Continued Drilling Success in Trinidad
Friday, January 27, 2012Range reported progress at its North Chapman Ranch and East Texas Cotton Valley prospects in Texas.

Range Charges Ahead at Trinidad
Friday, December 09, 2011Range provided the following update with respect to its international operations.

Range Drills Ahead at Georgia Well
Thursday, July 28, 2011Range Resources, along with its joint venture partners, Strait and Red Emperor announced that Mukhiani 1 well is currently at 510m.

Range Resources CEO: Balance Sheet Strongest in Co History
Tuesday, July 26, 2011Range Resources Chief Executive John Pinkerton said that its balance sheet, fattened by the recent sale of its Barnett Shale assets, is in the best shape it has ever been in.

Range Resources CEO Pinkerton to Step Down amid Transition Plan
Monday, June 27, 2011Range CEO John H. Pinkerton will step down and be succeeded by Jeffrey L. Ventura, part of a company shift in focus to the Marcellus shale region in Pennsylvania.

Range Boosts Production in 1Q 2011
Tuesday, April 19, 2011First quarter production volumes averaged 545.5 Mmcfe net per day, a 17% increase over the prior-year period and 1% higher than fourth quarter 2010.

Range Recommences Frac Stimulation at North Chapman Proj.
Monday, March 21, 2011Range announced that the fracture stimulation program has recommenced on the North Chapman Ranch project.

Range Finishes 'Strong' in 2010
Wednesday, February 23, 2011"We ended 2010 on a very strong note, having completed the best drilling program in our history," said John Pinkerton.

Range Closes Revolving Credit Facility
Friday, February 18, 2011Range has closed a new $2B five-year revolving credit facility.

Range Increases 4Q10 Production by 8%
Wednesday, January 19, 2011Fourth quarter 2010 production increased 18% over the prior-year period and was 8% higher than third quarter 2010.

Africa Oil, JV Partners Get Green Light for Somalian Exploration
Monday, January 17, 2011Africa Oil and its partners have entered into amending agreements with the Government of Puntland in respect of the PSAs for the Dharoor Valley Exploration Area and the Nugaal Valley Exploration Area.

Range Increases Stake at East Cotton Valley Prospect
Tuesday, January 11, 2011Range has acquired an additional 8.1875% working interest in its East Texas Cotton Valley project.

Range, Strait Enter HOA with Red Emperor Resources
Monday, January 10, 2011Range and Strait have entered into a Heads of Agreement ("HOA") with Red Emperor Resources to acquire a 20% farm-in interest in Georgia.

U.S. Energy Finalizes Acquisitions, Invests in Marcellus Plant
Tuesday, December 14, 2010U.S. Energy Development Corporation has finalized the acquisition of several oil and gas properties throughout the Appalachian, Williston and Midland Basins and also the Marcellus Shale regions.

RRC Calls EPA Investigation into Contaminated Well Premature
Wednesday, December 08, 2010The Railroad Commission of Texas (RRC) has called the U.S. Environmental Protection Agencys (EPAs) issuance of an Endangerment Order for a water well in Parker County, Texas found to contain natural gas premature and grandstanding in a move to

Range Declares Dividend
Thursday, December 02, 2010Range declared a quarterly cash dividend on its common stock.

Range Notes Initial Seismic Review of Georgia Blocks
Thursday, November 18, 2010Range announced the initial results from the draft report entitled Seismic Interpretation, Field Mapping and Evaluation of Prospective Hydrocarbon Volumes across the Company's two Georgian blocks.

Range Reports 15% Increase in 3Q Production Volumes
Thursday, October 21, 2010Range Resources provided an operations update. Third quarter production volumes increased 15% over the prior-year period and 7% higher than second quarter 2010.

Range Resources Commences Production at North Chapman Ranch
Thursday, September 02, 2010Range Resources announced that production has commenced from the Company's second well at North Chapman Ranch, the Russell Bevly Unit #1.