Range Resources down $119 million for second quarter

Range Resources down $119 million for second quarter

Friday, July 31, 2015 by Katie Woods

Fort Worth, Texas-based Range Resources posted a loss of $119 million for the second quarter of 2015, according to Star-Telegram.

Revenue was down to $248 million for the quarter. Range Resources is operating just 10 drilling rigs and slashed its budget nearly in half after low commodity prices persisted.

At the same time, Range Resources’ production averages 1,373 million cubic feet of natural gas per day, most of which comes from the Marcellus Shale.

Via: Star-Telegram > Range Resources reports second-quarter loss

Recent Range Resources news:

DEP assesses $8.9 million civil penalty against Range Resources for failure to repair leaking gas well June 16, 2015
Range Resources breaks record with Washington County well May 1, 2015
Range Resources’ well hits record hits record flow in Washington County, Pennsylvania Dec. 19, 2014

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