Range Resources continues to report record gains

Jul 18, 13 Range Resources continues to report record gains

Range Resources Corp. stated that their 2nd quarter production volumes reached a record high, making this a 27% increase over the prior year.

Range Resources is one of the largest lease holders for the Marcellus Shale play. They stated that the Marcellus drilling is continuing to drive their production volumes. Continuing thru 2013, Range will be directing a large chunk of its capital budget toward development drilling in the region.  Clearly, Range expects the Marcellus division to be a value driver for Range for many years to come.