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Range Resources
RRC today announced its third
quarter 2012 production results, preliminary realized prices and an
update on its hedging status. On an equivalent basis, production volumes
exceeded the upper range of guidance for the third quarter production
averaging 790 Mmcfe net per day, a 47% increase over the prior-year
quarter and 10% greater than second quarter 2012. The record production
was driven by the continued success of the Company's drilling program in
the Marcellus and horizontal Mississippian oil plays. Production was 79%
natural gas, 15% natural gas liquids (NGLs) and 6% crude oil.
Year-over-year oil production increased 36%, NGL production rose 30%,
while natural gas production increased 52%. Preliminary third quarter
average net production volumes were: 623.3 Mmcf
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