Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Range Resources Corp.    RRC

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

RANGE RES CORP : Range Resources Supports DEP Actions Regarding Water Treatment in Pennsylvania

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/20/2011 | 12:30am CEST

RANGE RESOURCES CORPORATION (NYSE: RRC) today commented on a recent announcement from the Pennsylvania Department of Environmental Protection.

Commenting on Pennsylvania Governor Tom Corbett and acting Department of Environmental Protection Secretary Michael Krancer's directive to cease delivering water from shale gas development to 15 facilities that currently accept the water under special provisions of last year's Total Dissolved Solids (TDS) regulations by May 19th, John H. Pinkerton, Range's Chairman and CEO, said:

"Protecting Pennsylvania water resources is vitally important. No industry or activity should be exempt from safeguarding our water. As a cornerstone of Range's Marcellus Shale development, we determined early on that the handling of water in a responsible way was critical. As a result, we developed a safe and effective water recycling program. This recycling program, in addition to a number of other treatment and disposal options, has resulted in Range no longer sending water from shale development to the 'grandfathered' facilities that are not capable of fully treating the water.

"We support Governor Corbett and acting Secretary Krancer for taking this action. In the past, we reached out to other operators to share our recycling technology and practices and continued to learn from them as well. We encourage the industry to stop sending water to 'grandfathered' facilities prior to the DEP's deadline of 30 days. The Marcellus Shale is too important for the nation and the people of Pennsylvania to not get this right.

"This directive from Governor Corbett and acting Secretary Krancer will not deter Marcellus Shale development, because there are a number of options companies have to reuse, fully treat or safely dispose of their water. What this decision will do is enhance and protect the waterways of Pennsylvania, which is paramount to the development of the Commonwealth's vast natural gas resources."

RANGE RESOURCES CORPORATION (NYSE: RRC) is an independent natural gas company operating in the Appalachian and Southwest regions of the United States.

Range Resources Corporation
Matt Pitzarella, 724-873-3224
Public Affairs Director
Cell: 724-678-5138
www.rangeresources.com


© Business Wire 2011
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RANGE RESOURCES CORP.
03/20 RANGE RESOURCES : Announces Conference Call to Discuss First Quarter 2017 Financ..
03/16 Range Announces Conference Call to Discuss First Quarter 2017 Financial Resul..
03/13 Range Resources To Repurchase Drilling Services Unit From LandOcean
03/13 RANGE RESOURCES CORP. : ex-dividend day
03/03 RANGE RESOURCES : Declares Quarterly Dividend
03/01 Range Declares Quarterly Dividend
02/24 ENERCOM DALLAS ENERGY INVESTMENT CON : Two Jam-Packed Days Ahead
02/24 RANGE RESOURCES : reports record output of gas equivalent in Q4 after Memorial a..
02/24 RANGE RESOURCES : Results of Operations and Financial Condition, Financial State..
02/23 RANGE RESOURCES CORP : Results of Operations and Financial Condition, Financial ..
More news
Sector news : Oil & Gas Exploration and Production - NEC
02:36aDJConocoPhillips to Sell Portion of Canadian Oil-Sands Assets For $13.3 Billion..
02:31a ConocoPhillips sells oil and gas assets to Cenovus for $13.3 billion
03/29 TSX gains as energy shares rise along with oil
03/29DJConocoPhillips to Sell Chunk of Canadian Oil-Sands Assets For $13.3 Billion
03/25DJOil Investors Tap Deep Cash Well -- WSJ
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
03/27 Range Resources Corporation (RRC) Presents At Scotia Howard Weil 45th Annual ..
03/23 Enterprise Products Partners - Latest Energy Company To Pursue Deals In Resur..
03/14 Nat gas futures fall again, now -25% YTD in oversupplied market
03/14 After Hours Gainers / Losers
03/13 Traders Are Selling Into The Latest Natural Gas Bull Run - Natural Gas Daily
Advertisement
Financials ($)
Sales 2017 2 438 M
EBIT 2017 484 M
Net income 2017 170 M
Debt 2017 3 998 M
Yield 2017 0,36%
P/E ratio 2017 43,69
P/E ratio 2018 24,17
EV / Sales 2017 4,58x
EV / Sales 2018 3,72x
Capitalization 7 166 M
More Financials
Chart RANGE RESOURCES CORP.
Duration : Period :
Range Resources Corp. Technical Analysis Chart | RRC | US75281A1097 | 4-Traders
Full-screen chart
Technical analysis trends RANGE RESOURCES C...
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 43,9 $
Spread / Average Target 52%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jeffrey L. Ventura Chairman, President & Chief Executive Officer
Ray N. Walker Chief Operating Officer & Executive Vice President
Roger S. Manny Chief Financial Officer & Executive Vice President
Allen Finkelson Independent Director
Kevin S. McCarthy Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
RANGE RESOURCES CORP.-15.75%7 166
CONOCOPHILLIPS-9.49%56 787
EOG RESOURCES INC-4.06%55 984
CNOOC LTD-3.21%53 573
OCCIDENTAL PETROLEUM C..-10.46%48 765
WILLIAMS PARTNERS LP7.28%39 679
More Results