RRC: Terryville IRRs are over 100%

[dan_s]

Read this: http://www.oilandgas360.com/digging-ran ... marcellus/

"Range now owns about 220,000 net acres in Louisiana targeting stacked pay in the Lower Cotton Valley. Well designs have improved since the purchase, meaning well costs have dropped from $8.7 million to $7.4 million. This lower capital cost means that Terryville wells can generate returns that rival the Marcellus. When the property was acquired Terryville wells would yield 64%, but improved well costs mean current returns exceed 100%."