RRC

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dan_s
Posts: 37319
Joined: Fri Apr 23, 2010 8:22 am

RRC

Post by dan_s »

I recommend RRC because it is one of the "Smart Ways" to get exposure to natural gas. The company has 20% annual production growth locked in for the next five years and they hold a commanding acreage position in the world's best natural gas resource play the Marcellus Shale. - Dan

RANGE RESOURCES CORPORATION (RRC) today announced that its third quarter 2013 production volumes reached a record high of 960 Mmcfe per day, a 21% increase over the prior year quarter.
• Production was 77% natural gas, 16% natural gas liquids (“NGLs”) and 7% crude oil and condensate.
• Compared to the prior year quarter, oil and condensate production increased 43%, NGL production rose 28%, while natural gas production increased 19%.
• Adjusting for the sale of the New Mexico properties which closed at the beginning of the second quarter of 2013, third quarter production would have increased 24% over the prior year quarter with oil and condensate production increasing 58%, NGL production increasing 29% and natural gas production increasing 21%.

The record production was primarily driven by the continued success of the Company’s drilling program in the Marcellus Shale. Third quarter production of 960 Mmcfe per day exceeded the high-end of Company guidance of 945 – 950 Mmcfe per day due to continued positive performance of wells in the Marcellus Shale and the timing of turning wells to production.
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 37319
Joined: Fri Apr 23, 2010 8:22 am

Re: RRC

Post by dan_s »

Range Resources (RRC) has announced their 3rd quarter production. An updated Net Income & Cash Flow Forecast has been posted under the Sweet 16 Tab. My Fair Value Estimate has been increased to $88.20/share.
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 37319
Joined: Fri Apr 23, 2010 8:22 am

Re: RRC

Post by dan_s »

Check out the link below. RRC, EOG, and SM produce a lot of NGLs.

http://marketrealist.com/2013/10/wet-ga ... tab-charts
Dan Steffens
Energy Prospectus Group
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