Range Resources ups FY14 capital budget to $1.52B Positive results in the Marcellus Shale have caused Range Resources to increase its capital budget for FY14 by about $220M to approximately $1.52B. About 87% of Range's FY14 capital program will be directed to activities in the Marcellus.
Pennsylvania regulators charge Range Resources record $4.15M fine, Upstream says Pennsylvania regulators have charged Range Resources with a record $4.15M fine for environmental violations at a western Pennsylvania site, Upstream reports. The $4.15M fine represents the largest fine the state of Pennsylvania has ever levied against a shale driller. Range Resources will also close five artificial ponds that were leaking flowback water, will upgrade liners and leak detection systems at two other ponds, and will test surrounding soil and groundwater for contamination, Upstream added. Reference Link