By OGJ editors
HOUSTON, Dec. 15 – Range Resources Corp., Fort Worth, met its internal target of doubling net production from the Marcellus shale in 2010 and expects to double output again in 2011.
Output averaged 212 MMcfd of gas equivalent in the first 2 weeks of December, exceeding the 210 MMcfd goal.
Flow is to start in late January 2011 from the company’s northeastern Pennsylvania Marcellus acreage as the first phase of pipeline and compression facilities is completed.
The company expects production increases from southwestern and northeastern Pennsylvania to reach the expected 2011 exit rate of 400-420 MMcfed. Range employs 290 people on its Marcellus team.