Fort Worth--based Range Resources, one of the largest producers in the Marcellus Shale, said Tuesday its net production reached one billion cubic feet (Bcf) a day in natural gas equivalents. Net production is the share of a company's total production (called gross production) that it owns apart from partners or other co-investors. Range also said its gross production in the Marcellus topped 1 Bcf/day. The company said companywide production was just 200 million cubic feet a day in 2004 when it first entered the Marcellus in Pennsylvania. Range at the time was a big player in the Barnett Shale but has since sold those holdings in favor of continued investment in the Marcellus.
-- Jim Fuquay