Range Resources reports 4Q results
Tuesday, March 1, 2016
Range Resources released its fourth quarter results, and they weren’t as good as the company’s 2014 results. The Fort Worth, Texas-based company lost $321.8 million during the final three month period of 2015.
According to The Observer-Reporter, Range lost $713.7 million over the course of last year, compared to its profit of $634.4 million the previous year.
Range is still a leading natural gas and natural gas liquids producer in the Marcellus shale, though, and will hopefully increase its income from shipping ethane and propane via the Mariner East Pipeline.
Read more: The Observer-Reporter > Range reports 4Q, full-year loss, cuts capital spending for 2016
Recent Range Resources news:
- Pa. DEP cites Range Resources for well site violations Feb. 28, 2016
- Range Resources makes workforce cuts Feb. 6, 2016
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
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.
What are royalties?
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.