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Range Resources announces record Utica well test

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16 December 2014

Range Resources announces record Utica well test

Report summary

On 15 December 2014, Range Resources announced that its first Utica well in Washington County, Pennsylvania produced a record breaking 59 mmcfd during a 24-hour test. The well confirms the eastward expansion of the Utica Lean Gas Core and suggests that, as NGL prices weaken, the Utica is becoming more competitive with the neighboring Marcellus Shale.

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