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Range Resources Posts Slight Production Growth in Q2

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Range Resources (RRC) reported on Tuesday a total average production of 2.30 billion cubic feet of gas equivalent per day in Q1, compared with 2.20 Bcfe a year ago.

The total production comprised 118,113 barrels of natural gas liquids, 6,475 bbls of oil and 1.55 billion cubic feet of natural gas.

That compares with 110,209 bbls of NGLs, 6,382 bbls of oil and 1.50 Bcf of natural gas in the same period last year.

During the quarter, Range drilled about 190,000 lateral feet across 11 wells and turned over about 300,000 feet across 21 wells, the natural gas exploration and production firm said.

The Texas-based company reaffirmed its 2026 annual production guidance of 2.35 to 2.40 Bcfe per day, with liquids expected to remain above 30% of the total production mix.

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