Range Resources down for another quarter
Monday, November 2, 2015
Pittsburgh Tribune-Review reports that Range Resources Corp. increased production by 20 percent during the third quarter of 2015, but reported a net loss of $310 million.
Range, Pennsylvania’s fourth largest shale producer, brought 23 wells online in the state during the third quarter.
Due to the supply glut that has been affecting producers for the past few quarters, Range is looking to sell assets and cut costs. However, the company will likely benefit from the Mariner East pipeline that will send ethane to Marcus Hook in eastern Pennsylvania and then overseas.
Via: Pittsburgh Tribune-Review > Range Resources looking to sell assets as low gas prices remain a drag
Recent Range Resources news:
- Range Resources down $119 million for second quarter July 31, 2015
- 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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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.