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Tag Archives: Range Resources

EQT focusing more on Utica shale

EQT — Corp. plans to put more emphasis on exploring the deep Utica shale as continued low gas prices push the Downtown producer to focus on only the best spots for drilling and pipeline development. “The focus in 2016 will be on this more narrowly drawn notion of what the core Marcellus would be assuming the deep Utica play works,” ...

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Middlesex fracking lawsuit in jeopardy, judge says

A Butler County judge said she would dismiss a lawsuit that a developer and 13 property owners filed against five fracking opponents and two environmental groups if they don’t amend it. The defendants were Middlesex residents who challenged the township’s zoning ordinances that allowed drilling in 90 percent of the township. Common Pleas Judge Marilyn Horan on Wednesday said the ...

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Turzai: Thanks for the layoffs, Wolf

Tell us how you really feel about Wolf’s energy policies, Mike. In a strongly-worded commentary during Shale Insight, a natural gas convention in Philidelphia, State Representative Mike Turzai sourced the energy industry layoffs in part to Gov. Tom Wolf’s proposed severance tax. According to a Pittsburgh Business Times report, Turzai said in a panel discussion that the mass shedding of ...

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Range Resources reports second-quarter loss

Range Resources lost $119 million in the second quarter despite cutting back on the number of rigs deployed and the amount of money spent to drill each well. The Fort Worth-based energy company lost 71 cents per diluted share versus earnings of $171 million, or $1.04 per diluted share, in the second quarter of 2014. The results were released Tuesday ...

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Profit falls at EQT on low shale gas prices

A 40 percent drop in natural gas prices is eroding profits at EQT Corp. despite continued increases in production. Net income at the Downtown-based company fell by 95 percent to $5.5 million, or 4 cents per share, during the quarter that ended June 30, compared to $110.9 million, or 73 cents per share, during the same period last year, EQT ...

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Drillers to submit electronic records on fracking chemicals for Pa. DEP to check, enforce

Pennsylvania will require shale gas companies to disclose electronically the chemicals they use in hydraulic fracturing in a new state-run database by next summer. Department of Environmental Protection Secretary John Quigley said the department will end its partnership with FracFocus, an independent online catalog of fracking records, and develop what he considers a more comprehensive and user-friendly online database. “Our ...

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State hearing board denies claim that gas well contaminated water supply in Washington County

The state Environmental Hearing Board determined that a Washington County man did not prove that the chemical contamination of his well water in 2011 was caused by a Range Resources shale gas well and related operations a half-mile from his home, a ruling issued today. The case, heard in Pittsburgh last year by EHB Chief Judge Thomas Renwand, was the ...

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The ‘monster’ beneath the Marcellus

Range Resources Corp. tested the shale well with the best ever initial flow rate in the Appalachian Basin and possibly the country in December in Washington County. But the “monster well,” as financial analysts called it, wasn’t hiding in the Marcellus. Production rates for wells, like Range’s, that have been drilled into Pennsylvania’s Utica Shale — the lesser known cousin ...

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Range Resources releases first-quarter results

On Tuesday, Range Resources announced its first-quarter results, which had a couple big highlights. During the first-quarter, which ended on March 31st, Range Resources recorded a few key events and statistics that occurred: -Production volumes reached a record high, averaging 1,328 Mmcfe per day, a 26% increase over the -prior-year quarter. -Unit costs declined $0.53 per mcfe, or 15% compared ...

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Its appeal denied, Range Resources ordered to disclose drilling chemicals in Washington County lawsuit

Range Resources Corp. must gather information about the chemicals its contractors used at a Washington County shale gas well and disclose it to neighbors who sued over leaks from a nearby wastewater holding pond, state judges said this week. Superior Court denied the Fort Worth-based gas producer’s appeal of a county judge’s order directing the disclosure as part of a ...

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