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Range Resources Making a Splash in the Marcellus

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This week held the GHS 100 Energy Conference in San Francisco.  Range Resources was one of the presenters at the event and reported some impressive Marcellus results.  The company showed a nice liquids-rich portfolio in the southwestern portion of Pennsylvania, providing some good economic wells in this natural gas slump.  Range has amassed approximately 210,000 acres prospective to wet gas development.

 

Range-Map-530x398

Here is a quick snapshot of some of Range’s wet gas wells in southwestern Pennsylvania using Drilling Info.

Range is reporting a southwest Marcellus resource potential of 19-25 Tcfe, with 434-559 MMbl and 16-21.6 Tcf dry gas.  These wet gas wells have an average 3000 foot lateral length, with 10 frac stages, and EURs of 281 MBBLs and 4.2 BCF.  Ethane included, these wells average 614 Mbbls (24 Mbbls condensate and 590 Mbbls NGLs) and 3.6 Bcf.  Drill and complete well costs are around $4 million.

For more Marcellus news and activity check out the Marcellus folder of Drilling Info DNA.

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