BNET Industries
Market Cap:$7.5B
Last Fiscal Year Sales:$1.3B
- Public
- US
Dow Jones Description
Total revenues increased $28.6 million, or 19% for second quarter 2009 over the same period of 2008. The increase includes a $186.8 million decrease in derivative fair value losses offset by a $155.1 million, or 45% decrease in oil and gas sales. Oil and gas sales vary due to changes in volumes of production sold and realized commodity prices. Due to the extreme volatility in oil and gas prices, realized prices dropped sharply from the prior year, which was partially offset by an increase in production. For second quarter 2009, production increased 14% from the same period of the prior year while realized prices declined 32% from the same quarter of the prior year. For the six months ended June 30, 2009, production increased 13% from the same period of the prior year while realized prices declined 31%. We believe oil and gas prices will remain volatile and will be affected by, among other things, weather, the U.S. and worldwide economy, new regulations and the level of oil and gas production in North America and worldwide.
Number of Employees 835
Contact Information
100 Throckmorton St Ste 1200
Fort Worth, Texas 76102-2842
(817) 870-2601
Peer Companies
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
Recent Events
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Spectra Energys Texas Eastern Transmission Executes Binding Agreement with Range Resources to Move Appalachian Natural...
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Apache Pumps Up the Production
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Range Resources reports $29.8M loss in third quarter
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Range Resources hires two for Marcellus Shale
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Range Resources Hires Joseph Frantz, As VP, Engineering - Quick Facts
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Buckingham Research Downgrades Range Resources RRC to Neutral
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Altera: Analysts' Upgrades, Downgrades
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Range RRC Declares Quarterly Dividend of $0.04, Yielding 0.33%
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Range posts loss for quarter, despite production jump
News & Analysis
Filter by
call transcript and range resources corp. - All News and Analysis
Range Resources Corp. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator: Thank you, Mr. Pinkerton. Operator Instructions. Our first question comes from Mr. Tom Gardner with Simmons & Company. Please proceed with your question. Thomas Gardner – Simmons & Company Thank you, operator. John, just circling back on what you just said with regard to your rates moving...
Range Resources Corporation Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Thomas Gardner – Simmons & Co. Thomas Gardner – Simmons & Co. I have a few questions related to the Marcellus specifically on those 24 wells that went into your tight curve. How many of those were below your 4.4...
Range Resources Corp. Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Instructions your first question comes from Jeff Hayden - Rodman & Renshaw. Jeff Hayden - Rodman & Renshaw Couple of quick questions, just curious about the, your Marcellus acreage position, you guys have kind of assumed about 900,000 for awhile, yet you’ve continued to add some acreage....
Range Resources Corp. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Tom Gardner – Simmons & Co. Tom Gardner – Simmons & Co. With respect to your production growth estimates for ’09 of 10% can you walk us through area-by-area what you’re actually thinking, what your...
Range Resources Corporation Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions Our first question comes from David Kistler with Simmons & Company. Please state your question. David Kistler – Simmons & Company Good afternoon guys. Real quickly on your decision to live within cash flow, what portion of CapEx is going to be used to...
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