Range Resources reports that it will sell all its holdings in the Barnett Shale and use the cash to invest in more profitable ventures elsewhere -- with an eye towards developments in Pennsylvania's Marcellus Shale

摘要

Range added that the sale is part of a strategy to invest more heavily in fields that can also produce crude oil or natural gas liquids, which are getting higher prices than natural gas. Range Resources President John Pinkerton said the company has 360 producing wells and 1,000 drilling locations in the Barnett, mostly in core, peak-producing areas.