more great results from range resources

It appears that since Balder (JV with AOK which peaked at 1363 BOEPD), Range have had more success with another horizontal well returning peak flow rates of 1950 BOEPD. Refer extract below from Seekingalpha.com:

"Range Resources (RRC) made its excitement for the Lime obvious during its second quarter earnings call, affirming its decision to market its Ardmore Woodford acreage to help finance the acceleration of its Mississippian development. On the call, Jeffrey Ventura, President and CEO of RRC, said regarding the planned divestiture:

Although the rate of return in the Ardmore Woodford is very good, the rate of return in our horizontal Mississippian play is even better.

RRC's excitement stems from two gushers it recently hit in the play, one which peaked at 1,363 BOEPD and a second which peaked at 1,950 BOEPD. The company hit these wells after modifying its drilling and completion techniques by lengthening its laterals and fracs to 3,468' and 17 stages versus 2,197' and 12 stages previously. For that reason, keep in mind that this is still an emerging play in its beginning stages with upside potential as companies tweak their completions."