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Stock Market & Financial Investment News

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January 16, 2013
06:03 EDTRRCRange Resources reports FY12 production up 36%
Range Resources announced that its Q4 production volumes reached a record high of 844 Mmcfe per day. Q4 production increased 35% over the prior-year quarter and was 7% higher than Q3. While total production rose 35%, oil and NGL production increased 41% during Q4. Production for FY12 averaged 753 Mmcfe per day, a 36% increase over 2011. The company also announced its preliminary fourth quarter 2012 natural gas, NGLs and oil price realizations averaged $5.35 per mcfe, representing a 10% increase from Q3 and an 11% decrease from the prior-year period.
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