Range Resources 3rd-qtr production climbs 13 pct

October 14, 2009

Filed in: Industry

Oil and gas company Range Resources Corp. on Wednesday said its third-quarter production volumes jumped 13 percent from the prior-year period, driven by successful drilling results in the Barnett and Marcellus Shale plays.

Third-quarter volumes averaged 437 million cubic feet equivalent per day (MMcfe/d) and even exceeded second-quarter levels despite losing 15 MMcfe/d of production as a result of Range selling its Fuhrman Mascho Field in West Texas at the end of June.

"We were able to fully offset the production lost due to the Fuhrman Mascho sale with the excellent results of our drilling program," said John Pinkerton, Range's CEO.