Watch List: RRC

dan_s · Post by **dan_s** » Mon Jul 26, 2010 8:45 pm

I'm probably going to add a few high quality gassers to next year's Sweet 16, primarily because I'm now of the opinion that natural gas will begin a slow but steady climb to parity with oil in Q4 2011. There are few that top the quality of former S-16 superstar Range Resources. - Dan

RANGE RESOURCES CORPORATION (NYSE: RRC) today (7/26) announced its second quarter 2010 results. Production averaged 472 Mmcfe per day, a record high for the Company and a 9% increase over the prior-year quarter. This represents the 30th consecutive quarter of sequential production growth. The record level of production was achieved despite the impact of selling non-core properties at the end of the first quarter 2010. The driver for the production growth was solid results from all of the Company’s divisions. The Marcellus Shale Division saw the largest production increase due to continued outstanding drilling results.