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Range Resources Corp. Details 1Q 2014 Financial Results

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April 30, 2014

Range Resources Corp. (NYSE: RRC) detailed its first-quarter 2014 financial results on April 28.

The company’s capex budget for the year is “on track” at $1.52 billion, Range said, adding that from that amount, $232 million went to drilling, $49 million went to acreage, $14 million went to exploration and $4 million went to gas gathering systems.

Regarding drilling, there was a “100% success rate” and 44 wells were drilled, while previously drilled wells were completed, Range added.

Revenues for the quarter were $457 million, and had increased 43% from ...

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