Range Resources sells assets to pay down debt
Saturday, November 7, 2015
Pittsburgh Post Gazette PowerSource reports that Range Resources Corp. is selling some of its assets to lessen its debt.
The Texas-based company is selling some of its coalbed methane wells in southwestern Virginia. Overall, 460,000 acres and more than 3,500 wells will be sold.
During the third quarter of this year, Range Resources reported a net loss of $310 million. The company has broken records its Washington County, Pennsylvania, Utica Shale test well last December and again with a Marcellus well this spring in the same county.
Via: Pittsburgh Post-Gazette PowerSource > Range Resources sells coalbed methane assets to narrow debt
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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