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Tag Archives: marcus hook

Range Resources looking to sell assets as low gas prices remain a drag

Range Resources Corp. expects to sell some assets outside the Marcellus shale as it battles low natural gas prices that pummeled its revenue. “We are continuing to work on potential noncore asset sales for areas in our portfolio that cannot compete against the Marcellus for capital,” CEO Jeff Ventura said Wednesday in announcing third-quarter financial results. The Fort Worth-based company ...

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Marcus Hook looks at gas for rebound

Stretching along either side of Marcus Hook’s busy 10th Street, nearly 800 acres of industrial machinery tower above the placid waters of the Delaware River. Inside the complex, hundreds of construction workers bustle every day, their hammering and drilling echoing throughout the otherwise-quiet town. The sprawling facility in the tiny Delaware County borough of 2,400 wasn’t always this way: Just ...

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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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West Cornwall residents file appeal of Sunoco Logistics pipeline pump station permits

Concerned Citizens of Lebanon County and three West Cornwall Township residents have filed a zoning appeal against permits issued to Sunoco Logistics Partners for a pump station in the township. Pamela Bishop, one of the three township residents who filed the appeal, said Sunoco is building the pump station along Route 322 east of Butler Road in West Cornwall Township ...

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Promoters see energy hub, economic revival in transmission of Marcellus fuel

HOUSTON, Pa. — Philadelphia’s reindustrialization starts 300 miles away at a sprawling processing plant in Southwestern Pennsylvania where liquid fuels extracted from Marcellus Shale gas begin a cross-state journey to the Delaware River. In the last five years, a forest of metal distillation towers has sprung up like a poplar grove from the Washington County countryside, surrounded by rows of ...

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