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News Breaks | | | | January 30, 2013 | | 06:04 EDT |  | RRC | Range Resources reports proved reserves at December 31 up 29% to 6.5Tcfe
Range Resources announced that its proved reserves as of December 31, 2012 increased 29% to a record high of 6.5 Tcfe. Range replaced 773% of production in 2012 from drilling. Finding and development costs from all sources are expected to average $0.87 per mcfe, based on preliminary unaudited results for 2012. Drill bit development costs are expected to average 68c per mcfe. For 2012, Range added 1,767 Bcfe of proved reserves through the drill bit. Year-end 2012 proved reserves by volume were 74% natural gas, 22% natural gas liquids and 4% crude oil. Crude oil and NGL reserve volumes increased 64%, while natural gas reserve volumes increased 20%. The percentage of reserves in the proved undeveloped category declined to 47% at year-end 2012, as compared to 52% at year-end 2011. At year-end 2012, Range recorded, on average, a modest 1.2 offset Marcellus drilling locations to its proved undeveloped reserves for each of its proved developed wells in the play. | |
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News For RRC From The Last 14 Days Check below for free stories on RRC the last two weeks. |
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| May 21, 2013 | | 07:36 EDT |  | RRC | UBS to host a conference
Global Oil & Gas Conference is being held in Austin, Texas on May 20-23 with webcasted company presentations to begin on May 21 at 8:30 am; not all company presentations may be webcasted. Webcast Link | | | May 20, 2013 | | 10:11 EDT |  | RRC | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. | | | 07:08 EDT | | RRC | Range Resources downgraded to Hold from Buy at Stifel
 Subscribe for More Information | | | May 15, 2013 | | 17:18 EDT | | RRC | BP Capital gives quarterly update on stakes
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