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ES - Marcellus maintenance capital will keep Range in the black - January 7, 2020
Range Resources laid out plans to live within cash flow and pay down debt this year at the expense of production growth. The company anticipates a 29% YOY reduction in spending to $520 million for 2020. In 4Q19, the company’s production was at the high end of its 2.33-2.35 Bcfe/d guidance, and 2020’s budget aims to maintain volumes at the 2.3 Bcfe/d level throughout the year. All activity will occur in the Marcellus, where......
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