Range Resources (RRC) Tops Q4 EPS by 13c
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Range Reports 2015 Earnings, Announces 2016 Capital Plans
February 25, 2016 4:45 PM ESTFORT WORTH, TX -- (Marketwired) -- 02/25/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its 2015 financial results.
Highlights -
Fourth quarter unit costs reduced by 15%, or $0.46 per mcfe compared to prior-year quarter Fourth quarter natural gas differential improved $0.20, or 35%, compared to prior-year quarter, driven by additional takeaway projects Record annual average daily production of 1.4 Bcfe per day Reserve replacement of 436% at $0.37 per mcfe drill-bit finding cost Peer-leading Marcellus EURs and well costs on a normalized lateral length basis... MoreRange Announces 6% Increase in Year-End Proved Reserves
February 25, 2016 4:35 PM ESTFORT WORTH, TX -- (Marketwired) -- 02/25/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its proved reserves as of December 31, 2015 were 9.9 Tcfe.
Highlights -
Excluding asset sales of 963 Bcfe, proved reserves increased 6% from year-end 2014 Range replaced 436% of 2015 production Drill-bit finding cost with revisions was $0.37 per mcfe Proved developed reserves increased 25% before deducting sales of reserves and production Proved developed reserves were 55% of total reserves at year-end 2015, compared to 52% at year-end 2014 Future development costs for proved undeveloped reserves... More