Longer Laterals Means Range Resources Drilling Fewer Wells in 2023

Range Resources Corporation, the very first company to drill a shale well targeting the Marcellus Shale layer in Pennsylvania (in 2004), issued its third quarter update yesterday. In prior guidance from earlier this year, Range said it would drill between 60-65 wells in 2023. However, with this latest update, that number was revised down to…

The post Longer Laterals Means Range Resources Drilling Fewer Wells in 2023 first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.