Another scenario in this Forbes article is that a major buys out Range Resources like it did XTO. When you spend more than you make, you have to make a deal and cut corners where you can and that’s when things like Doody Gate happens.
How Long Before Range Resources Makes A Deal?
To fill the funding gap Range has some options. First, it will likely sell assets, most likely its non-Marcellus fields in the Permian Basin, Granite Wash and Barnett Shale areas. This is in keeping with Range’s penchant for “high-grading” its portfolio.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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