Range Resources (RRC) Misses Q2 EPS by 3c
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Range Announces Second Quarter 2015 Results
July 28, 2015 4:40 PM EDTFORT WORTH, TX -- (Marketwired) -- 07/28/15 -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its second quarter financial results.
Highlights --
Production volumes reached a record high, averaging 1,373 Mmcfe per day, a 24% increase over the prior-year quarter. Unit costs declined $0.36 per mcfe, or 11% compared to the prior-year quarter. Two Marcellus dry gas wells in southwest Pennsylvania were turned in line, each at 34.2 Mmcf per day, 1.8 Bcf per well of cumulative production in 90 days. Full-year 2015 capital budget of $870 million is on track to deliver 20%... More