Range Resources, Range Resources , Range Resources, (2010)


It was reported by Lowell Brown of the Denton Record Chronicle on April 23, 2010 that Range Resources had a spill of drilling mud in Denton, Texas.  "Rayzor spill raises a stink. Residents cry foul; officials say mud dump an accident."

Sharon Wilson, Bluedaze blogger, has called this incident "Doodygate".  The postings are listed with most recent on top, so to follow the postings, scroll down to the bottom and work your way up.  At Bluedaze, click on the keyword, "Range Resources" to read more of her postings.  Range is becoming more active, investing more money to acquire leases and develop drill sites in the Marcellus Shale.

Range Resources is an independent oil and gas company operating in the Southwestern, Appalachian and Gulf Coast regions of the United States.  "The past five years, however, have represented a period of un- precedented growth.  Our reserves have tripled, while our stock price has increased almost 1,000% on a stock-split-adjusted basis."

Christopher Helman. "Range Resources Is King Of The Marcellus Shale". Forbes Magazine. August 09, 2010.

The BP oil spill has created its share of victims, but it's creating opportunities for others. Among them, Range Resources ( RRC - news - people ), the Fort Worth, Tex. company that owns a big chunk of the gas-filled Marcellus Shale rock formation that stretches from New York across Pennsylvania and into West Virginia. With offshore drilling costs sure to go up and with spill liabilities unlimited, oil and gas finders are already looking to redirect capital spending to onshore plays. Range shares have doubled in five years, outpacing even Google but Chief Executive John Pinkerton says, "The bloom hasn't even opened yet."