Nemaha ridge key to Range's Mississippi play approach

12/10/2012
Range Resources Corp., Fort Worth, said it has already activated the five-rig drilling program that it had planned to institute in the first quarter of 2013 in the horizontal Mississippian lime play on the 157,000 net acres it holds in Kay County, Okla., and Cowley County, Kan. The company has completed 18 horizontal wells in 2012 and that production results reaffirm its projected estimated ultimate recovery of 600,000 bbl of oil equivalent for the greater than 3,500-ft lateral well design. Current plans call for Range to run five rigs in 2013, 10 in 2014, and 15 in 2015, the levels needed to hold all acreage. The five-rig 2013 program is expected to yield 51 producing wells and 17 water ...
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