BNET Industries
Market Cap:$8.0B
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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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
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range resources corp. - All News and Analysis
Two Ways to Profit from New York's Uncertainty About Drilling for Natural Gas
David Fessler submits: New York City has a problem. In addition to other hazards, the threat of another terrorist attack is an obvious, ongoing danger to one of the most populated cities in the world. But that’s not what I’m talking about here. by David Fessler
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 Corporation Q2 2009 Earnings Call Transcript
Range Resources Corporation RRC Q2 2009 Earnings Call July 23, 2009 1:00 pm ET
Range Resources Provides Strong 2Q Pre Release Operations Update
Range Resources RRC Announces 2Q Volumes, Provides Operations Update Volumes: 2Q Production of 434 MMcfepd, beats guidance of 420 to 425 MMcfepd; cites better than expected drilling results Barnett and Marcellus. Sees double digit volume growth in 2009; prior guidance was 10% growth...
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...
Range Announces Sharply Higher Third Quarter Results
FORT WORTH, Texas -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced third quarter results. Range reported its 23rd consecutive quarter of sequential production growth as production for the third quarter averaged 388 Mmcfe per day, a 19% increase over the prior year. The increase was driven by exceptional drilling results...
Earnings Preview: Range Resources
Range Resources Corporation RRC is expected to report Q3 earnings on Wednesday after the closing bell with a conference call scheduled for Thursday, October 23 at 1:00 pm ET. Guidance Analysts are looking for a profit of 49c on revenue of $326.04M. The consensus is 39c to 62c for EPS,...
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