Natural gas production from Marcellus Shale matches expectations, says Texas company
PITTSBURGH — Range Resources Corp. says that natural-gas production from its Marcellus Shale wells has reached the equivalent of 400 million cubic feet per day.
The company, which is based in Fort Worth, Texas, says in a release Wednesday that the daily production from wells in Pennsylvania’s Marcellus region roughly doubled from the end of 2010, and matched its targets.
The firm is aiming for 600 million cubic feet per day of Marcellus production by the end of 2012.
Range also says it has firm agreements to sell up to 650 million cubic feet per day of Marcellus gas in the future.