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Fort Worth-based Range Resources is doing a double-take in the big Marcellus Shale play in the Appalachian region of the eastern U.S.
The company said Wednesday that it has already topped its year-end goal of producing the equivalent of 200 million to 210 million cubic feet of natural gas daily in the Marcellus, which underlies parts of Pennsylvania, West Virginia, New York and Ohio.
Range's net daily Marcellus production has averaged the equivalent of more than 212 million cubic feet for the first two weeks in December, more than double its year-end 2009 output of 100 million. But the company, which has a 290-employee Marcellus operating team based in Pennsylvania, isn't taking a celebratory siesta.
It's going after a new goal of again doubling its Marcellus production, to 400 million to 420 million cubic feet per day by the end of 2011.
I just don't get it.....I guess we'll wait to see if the xmas snow storms crossing the country will help. Just above $4 at this time of year blows my mind.
Les, has the January contract been set yet on natgas price(s)?
The History of GoHaynesvilleShale.com
GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
ContinuePosted by Keith Mauck (Site Publisher) on May 21, 2025 at 6:00
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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