Range Resources drills record Marcellus well

Texas-based independent oil and gas company Range Resources has drilled a well in the southern Marcellus shale that logged a record-setting initial production rate of 1.23 mcm (43.4 mcf) per day.

The well was drilled to a lateral length of 2,642 metres in the wet gas window of the shale play in Washington County, Pennsylvania, and was fracked in 45 stages.

The company has drilled another well in the dry gas window of Washington County with an initial production rate of 886,416 cubic metres (31.3 mcf) per day and plans to drill two more at the same pad in the second quarter of 2015.

Range Resources’ average production from the southern Marcellus division in the first quarter of 2015 was 25.1 mcm (887 mcf) per day. In the northern Marcellus division, the company’s average output for the quarter was 7.17 mcm (253 mcf) per day.

Overall, Range Resources’ production volumes averaged 37.6 mcm (1.33 bcf) per day in the first quarter, representing a 26-percent increase over the same period in 2014.