Company News: Range Resources' reserves swell with drilling, acquisitions

Range Resources Corp., Fort Worth, reported replacing more than 8 times its 2004 production last year, including replenishing more than double its production through drilling alone.In other recent company news:BP PLC is forming Innovene, a wholly owned olefins and derivatives subsidiary.BP Trinidad & Tobago LLC (BPTT) will offer for sale, through a competitive bid round, its operating interests in Teak, Samaan, and Poui oil fields off eastern Trinidad and Tobago.El Paso Corp., Houston, said an indirect subsidiary has sold its 51% interest in Coastal Petrochemical LP, and associated working capital, to Petro-Canada for $74 million.El Paso Corp also has acquired the interest held by a unit ...

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