Range Resources Again Cuts 2015 Spending on Commodity Price Outlook

摘要

In a move to further protect its balance sheet from eroding commodity prices, Range Resources Corp. has cut its previously announced spending plans for this year from $1.3 billion to $870 million. When it announced 2015 capital expenditures in December the company put forth a plan to reduce spending 18% from last year’s $1.52 billion. Range said it would rely on longer laterals, better targeting and improved completions to drive-up production 20-25% and keep spending mostly flat (see Shale Daily, Dec. 15, 2014)