Range Resources Corporation announces record production of 400 Mmcfe per day
Wed. December 03, 2008; Posted: 04:36 AM
Dec 03, 2008 (M2 EQUITYBITES via COMTEX) --
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PowerRating -- Range Resources Corporation (NYSE: RRC), an independent oil and gas
company operating in the Southwestern, Appalachian and Gulf Coast
regions of the United States, said on 2 December that the company has
reached the milestone figure of 400 Mmcfe per day of production.
The company's fourth quarter 2008 production is expected to be within
its previous guidance range of 400 to 405 Mmcfe per day, which
represents a growth of 18% for the quarter and nearly 20% for the year.
According to the company, the rise in production also represents its
24th consecutive quarter of sequential production growth, which is the
result of a successful drilling programme.
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