Showing posts with label RRC. Show all posts
Showing posts with label RRC. Show all posts

Saturday, January 3, 2015

Range Resources’ Marcellus-Powered Growth Isn’t Cooled by Low Prices

This article was first published by TheStreet on December 11, 2014
NEW YORK (TheStreet) -- The deterioration in crude prices can also impact natural gas, but that won't stop gas producer Range Resources (RRC) from growing its output at an annual rate of more than 20% over the next few years, thanks to its low-cost asset base.
The prices of benchmark WTI and Brent crudes have cratered over the last three months, falling by nearly 34% in that period. And this can also have a negative impact on natural gas prices.