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Tag Archives: Range Resources

Top Marcellus Shale news stories – May 14-27

Catch up on the past two weeks of Marcellus shale news with our recap. Scroll through the list below to see what our readers found the most engaging in recent weeks. Enjoy! 7. Western Maryland town of Friendsville proposes fracking ban FRIENDSVILLE, Md. (AP) — The western Maryland town of Friendsville is proposing a ban on hydraulic fracturing for natural gas ...

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Range Resources buys Memorial Resource for $3.3 billion

NEW YORK (AP) — Range Resources will buy rival natural gas producer Memorial Resource Development for about $3.3 billion to expand its range in the East and in the Gulf. Shareholders of Memorial Resources, based in Houston, will receive 0.375 shares of Range Resources stock for each of their shares. The all-stock deal is valued at about $15.75 per share, ...

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Top 5 Bakken news stories – April 2-8

top 5 bakken news stories april 2-8

It’s been a slow week in the Bakken so this week’s recap brings you a mixture of for sale signs in the Marcellus, Exxon getting probed, Texas losing more jobs, and OPEC members announcing a potential production freeze. Exciting! And… because you, dear reader, earned it: a bonus story at the end of the page! Have you ever wondered how ...

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Top 5 Marcellus news stories – March 25 – April 8

The Marcellus has been a busy place in recent weeks. Pipeline companies are getting fined, Range Resources is throwing up for sale signs, and small drillers in Pennsylvania are standing up to fight the man. Meanwhile, in the Middle East, it’s becoming more likely that OPEC member nations might actually freeze oil production. See what you missed with our recap of what ...

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Range Resources sells Marcellus assets

natural gas drilling rig

Range Resources closed its Bradford County, Pennsylvania non-operated asset sale. The purchase agreement was made in early February and included the company’s non-operating Marcellus interest in Bradford County, Pennsylvania for about $112 million, according to Zacks.  Wall Street 24 notes that the sale of the Bradford County assets caused shares of Range Resources stock to increase, indicating a 3.65 percent ...

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Company, state working to bring well sites into compliance

WASHINGTON, Pa. (AP) — An oil and gas operator says it’s trying to bring dozens of its Pennsylvania drilling sites into compliance with environmental laws. A Range Resources spokesman tells Pennlive.com that the company is working the Department of Environmental Protection. The agency on Friday said dozens of the company’s Marcellus Shale natural gas drilling pads in Washington and Allegheny ...

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Top 5 stories of the week

Here were the top five Marcellus.com stories for the week of Nov. 2-6. Thank you for reading and have a wonderful fall weekend! 5. US looks at proposed fracking in national forest in Ohio A federal agency is again considering requests to open Wayne National Forest in southeastern Ohio to oil and gas drilling. Oil and gas companies formally expressed ...

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Range Resources to sell Va. natural gas operations for $876M

Range Resources Corp. said it is selling its natural gas operations in the Nora field of southwestern Virginia for $876 million to an unspecified buyer. The Fort Worth-based company, which is Pennsylvania’s No. 4 shale gas producer, said last week it expected to announce at least one sale of assets outside its core area in the Marcellus and Utica shales. ...

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Top 5 stories of the week

Here were the top five marcellus.com stories for the week of Oct. 26-30. Thank you for stopping by and enjoy your Halloween! 5. Why does firewood cost so much? Fracking’s part of it Northeasterners who are digging deeper into their pockets to pay for firewood this season can add a new scapegoat to the roster of usual market forces: fracking. ...

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Range Resources losses mount on low commodity prices

Struggling with lower prices for oil and natural gas, Range Resources lost $301 million in the third quarter despite aggressively cutting its operational costs and the number of drilling rigs in the field. The Fort Worth-based energy company reported late Wednesday that it lost $1.81 per diluted share compared to a $146 million profit, or 86 cents a diluted share, ...

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