• Home
  • About
  • Publications
  • Links
    • Drilling and Fracking
    • Resources
    • Stuff I Like
    • TX Progressive Alliance
  • Must See Videos
  • PSYOPS
  • Shale Survival
    • Before drilling starts
    • Tools
    • Medical
  • FAQ
  • Contact Me

Texas Sharon's Bluedaze

Fracking News

Range Resources investors should not count on the Texas asset sale money

January 28, 2014 By TXsharon

Range Resources sold all their Texas assets but no money has shown up on the portfolio and investors are wondering where the cash is.

…Range had removed its Texas assets from the portfolio resources statement included in the announcement, and blamed this for the declining share price.

The Texas assets were meant to have been sold in a $30 million (£18.1 million) deal finalised in August 2013, but payment has not been received to date, and many investors are beginning to lose hope of ever seeing the cash.

“I’m in the camp that [believes] the Texas money isn’t coming,” commented user ‘Dutchgold’. “I hope wrong but on form the odds would be in my side.
Interactive Investor

I’m guessing, based on this excerpt from a letter received by a Parker County resident who is Steve Lipsky’s neighbor, that any Texas money might be needed for remediation. Larger version.

SiteRemediation

If nothing needs remediation, why send residents to the Site Remediation department?

Come learn more about what’s happening to water in Steve Lipsky’s neighborhood.

Free Public Event: Light My Fire by Sharon Wilson

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.

  • Mail
  • |
  • Web
  • |
  • More Posts(5115)

Filed Under: Parker County, Range Resources

Stalk TXsharon

Recent Posts

  • Update: Chris Faulkner > IT Guy > Frack Master > Felon
  • French Energy Giant Total Declares War on Texas Toddlers
  • Hydrocarbon odors during oil and gas drilling
  • MSNBC and TXsharon in the Texas fracking zone
  • Blowout: Inside America’s Energy Gamble
  • The global warming potential of methane is damn important

Like Earthworks on Facebook

Categories

Archives

All work © Sharon Wilson. No works may be shared copied in full without permission. Bluedaze: Drilling Reform. Site Design by Sumy Designs. Powered by those who advocate for a safe and healthy environment.