Range Resources (RRC) Announces 2020 Capital Budget and 2019 Reserves Update
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Range Announces 2020 Capital Budget and 2019 Reserves Update
January 6, 2020 5:29 PM ESTFORT WORTH, Texas, Jan. 06, 2020 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced a 2020 capital budget of $520 million, which is expected to maintain daily production at approximately 2.3 Bcfe. Additionally, Range announced that year-end 2019 reserves increased to 18.2 Tcfe.
Highlights  Â
All-in 2020 capital budget of $520 million maintains production at ~2.3 Bcfe per daySimilar inventory of drilled uncompleted lateral footage expected at year-end 2020 as year-end 2019, supporting the option of a similar capital program in 2021 and beyondWell costs expected to average less than $625 per lateral foot in 20202019 capital spending is currently... More