Our strategy to achieve our business objective is to increase reserves and production through internally generated drilling projects coupled with occasional complementary acquisitions and divestitures of non-core assets.
A large portion of the Company’s drilling inventory consists of unconventional resource plays targeting shales, coal bed methane and tight gas sand reservoirs. Range plans to prudently grow production volumes with capital discipline and one of the lowest cost structures in the industry. The Company currently estimates 93 Tcfe in net unrisked resource potential from the Marcellus and Upper Devonian formations, as well as 6.7 Tcfe for North Louisiana.
To see how Range develops a shale well see the video below.