RRC

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dan_s
Posts: 37326
Joined: Fri Apr 23, 2010 8:22 am

RRC

Post by dan_s »

HARRISBURG, Pa. (AP) -- State environmental regulators are pursuing a record $8.9 million fine against a Texas-based energy company they say repeatedly failed to repair a natural-gas well that contaminated groundwater and a stream in north-central Pennsylvania.

The Department of Environmental Protection announced the proposed penalty Tuesday against Range Resources, whose more than 5,300 wells make it the most active drilling company in the state. Last year, Range paid $4.2 million for violations at a western Pennsylvania site that handled drilling wastewater, the largest fine for a company operating in the state.

Keep in mind that RRC has a market cap of $9 Billion, so this is not that big of a deal. - Dan
Dan Steffens
Energy Prospectus Group
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