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Range Resources (RRC) says it expects capital spending to fall 19% to $1.3B in 2013, with nearly...

Range Resources (RRC) says it expects capital spending to fall 19% to $1.3B in 2013, with nearly 85% of the budget going to its oil and liquids-rich operations in the Marcellus and Horizontal Mississippian shale fields. Plans to sell certain of its Permian Basin properties in southeast New Mexico and west Texas. RRC +0.4% premarket.
Comments (1)
  • Wise decision on cutting capital spending. Wait until this exportation takes off then increase the spending through more wells. Every company in E & P with a focus on NG is hurting, more decisions like this need to be made even if it hurts in the short run.
    12 Dec 2012, 09:17 AM Reply Like
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