Range Announces Q4 Production And Pricing Averaging ~2,207 Mmcfe Per Day; Realized $8M In Contingent Derivative Settlement Gains In Q4 2023
Portfolio Pulse from Benzinga Newsdesk
Range Resources Corporation (NYSE:RRC) reported Q4 2023 production averaging 2,207 Mmcfe per day, with natural gas, NGL, and oil production detailed alongside pricing realizations. Additionally, Range realized $8M in contingent derivative settlement gains from the North Louisiana divestiture, expecting cash proceeds in the first half of 2024.
February 06, 2024 | 10:04 pm
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Range Resources Corporation (RRC) reported strong Q4 2023 production and realized $8M in contingent derivative settlement gains, expecting further cash proceeds in H1 2024.
The announcement of strong Q4 production figures and the realization of $8M in contingent derivative settlement gains, with expectations of receiving cash proceeds in the first half of 2024, presents a positive outlook for RRC. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
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