Wednesday, August 18, 2010

Bradford County, PA - Marcellus Shale Update

By Andrea:

Range Resources Corp. (RRC) announced that they are combining 14,000 net acres in the Marcellus shale in Bradford County, PA with Talisman Energy Inc. (TLM) current acreage. The two companies will combine technical teams and drilling rigs in the joint acreage. Range Resources estimates that the joint venture will add $25 million to their 2010 capital spending. Talisman Energy is currently producing more than 190 million cubic feet a day from the Marcellus shale.

For more shale updates, visit:

For more stock updates, visit: