Market Overview

Range Resources Increases Unproved Resource Potential to 48–68 Tcfe

Range Resources (NYSE: RRC) announced today that its
estimated unrisked unproved resource potential (“unproved resource
potential”) as of December 31, 2012 increased to 48 – 68 Tcfe, up from
47 – 66 Tcfe at year-end 2011. The year-end 2012 unproved resource
potential includes 35 – 46 Tcf of natural gas and 2.3 – 3.5 billion
barrels of NGLs and crude oil. Of the total year-end 2012 unproved
resource potential, 54% is attributable to the Marcellus Shale with the
remaining 46% attributable to other formations in Appalachia, the
Midcontinent and West Texas. Range previously announced that its
year-end 2012 proved reserves were 6.5 Tcfe. Based on the mid-point of
the unproved resource potential, Range has the opportunity to grow its
proved

See full press release

Posted-In: News Guidance Management

 

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