John Pinkerton, CEO of Range Resources, explains the “Triple Play” in natural gas that can be had in parts of Pennsylvania, New York, Ohio and West Virginia. Shale gas can be produced from the Upper Devonian Shale, the Marcellus Shale, and the Utica Shale – all from a single drill pad. More in the Star-Telegram Blogs.
From the PAGasDirectory Blog…. In an assessment of its lease holdings, Range Resources has included 10 to 14 trillion cubic feet of Upper Devonian natural gas as an unproven resource. The Upper Devonian is above the Marcellus Shale and includes multiple organic shales such as the Cleveland, Huron-Dunkirk, Rhinestreet, Middlesex and Geneseo-Burket Shales. See an article on SearchAndDiscovery.net for a generalized stratigraphic sequence.
Natural gas has been found in two private water wells in Parker County, Texas. The nitrogen content of the gas may determine if Barnett Shale drilling activity by Range Resources is the source or if the source is shallower rock units. More in the Washington Examiner.
Range Resources has entered into agreements that promise most of its 2011 natural gas production at a price of $5.12 per million BTU. Much higher than current market prices. More at the Star-Telegram website.
Range Resources plans to sell off their Barnett Shale properties and use the money to buy into areas where natural gas liquids can be produced. More at the Star-Telegram.com website.
Range Resources announced that during the third quarter of 2009 their Marcellus Shale gas wells had an average daily yield of over 500 million cubic feet.
Marcellus Shale landowners challenged Range Resources on deducing transportation and processing costs from the production value of natural gas before making royalty payments. More at OilPrice.com.
Range Resources has voluntarily decided to disclose the chemicals used in their Marcellus Shale hydraulic fracturing fluids no more than 30 days after well completion. Data will be posted on their website.
Range Resources has their 2009 production, reserves and drilling activity posted on the web. Their production increased 13% and their proved reserves were up by 18% with a leasehold position of 2.5 million net acres.
