Range Resources 的东海岸地位助力其渡过关税风暴

天然气生产商 Range Resources 表示,在中美贸易战期间,能够进入东海岸以外的市场是一项优势,因为其大部分出口产品都销往欧洲。


Range Resources首席执行官丹尼斯·德格纳 (Dennis Degner) 表示,随着美国和中国继续在关税问题上互相攻击,该公司在东海岸的地位正在转化为优势。

这家天然气生产商的资产主要位于阿巴拉契亚山脉,其产品采用多元化分销系统。这一策略帮助该公司应对了华盛顿的动荡局势。

“当你考虑我们的定价和运输时,能够进入东海岸以外的市场或终端确实是有利的,”德格纳在 4 月 23 日的公司第一季度财报电话会议上表示。“过去几年我们已经多次谈论过这一点,我们认为像这样的时刻充分展示了这一点。”

第一季度,尽管 1 月和 2 月面临天气挑战,但 Range 的产量仍维持在 22 亿立方英尺当量/天,这得益于强劲的油井性能和更长的油田运行时间。

该公司使用两台水平钻机和一支完井队伍,在18个水平段钻探了约25万英尺的水平段,这一策略旨在节省资本并扩大资源。Range创下了新的钻井纪录,平均每天5961英尺。

无论当前的政治气候如何,该公司都看到了持续的增长。4月8日,Range宣布将与Liberty Energy和Imperial Land Corp.合作,在宾夕法尼亚州西南部开发一个大型发电厂项目。

该设施毗邻Range公司20年前发现的油井。拟建的电力设施预计将吸引那些寻求长期电力供应且可靠性至关重要的数据中心和工业运营企业。

Degner 表示:“当你考虑到这些基础设施和实体所追求的五个九的可靠性之间的一致性时,这类机会的出现和发展就很有意义了。”(五个九是指数据中心必须保持 99.999% 的在线时间的标准。)

Range公司高管表示,本季度创造了1.83亿美元的自由现金流,用于回报股东并增强资产负债表。该公司回购了6800万美元的股票,支付了2200万美元的股息,并减少了4200万美元的净债务。

评论

添加新评论

本次对话将根据 Hart Energy 社区规则进行。请在加入讨论前阅读规则。如果您遇到任何技术问题,请联系我们的客服团队。

富文本编辑器,评论字段
原文链接/HartEnergy

Range Resources’ East Coast Position Helps to Ride Tariff Turmoil Wave

Gas producer Range Resources says having access to markets out of the East Coast is a benefit during the U.S.-China trade war as most of its exports head to Europe.


Range Resources’ position on the East Coast is turning into a benefit as the U.S. and China continue to trade blows over tariffs, said CEO Dennis Degner.

The gas producer, with assets based primarily in Appalachia, uses a diverse distribution system for its products. The strategy has helped the company handle Washington's turmoil.

“When you look at pricing for us and transport, having access to markets or terminal out of the East Coast is really beneficial,” Degner said during the company’s first quarter earnings call on April 23. “We've talked about that a lot over the past several years, and we think moments like this put it on full display.”

In the first quarter, Range maintained 2.2 Bcfe/d, underpinned by strong well performance and improved field runtime despite weather challenges in January and February.

The company drilled approximately 250,000 lateral ft across 18 laterals using two horizontal rigs and a single completion crew, a strategy designed to save capital while expanding resources. Range set a new drilling record, averaging 5,961 ft per day.

Regardless of the current political climate, the company sees continued growth. On April 8, Range announced it was joining a partnership with Liberty Energy and Imperial Land Corp. to develop a massive power plant project in southwestern Pennsylvania.

The facility is located next to Range’s discovery well from 20 years ago. The proposed power facility is expected to attract data centers and industrial operations seeking long-term power supplies where reliability is key.

“It just makes a lot of sense for those kind of opportunities to emerge and develop, when you think about the alignment between the five nines of reliability that those pieces of infrastructure and entities are looking for,” Degner said. (‘Five nines’ refers to the standard that data centers must be online for 99.999% of the time.)

For the quarter, Range generated $183 million in free cash flow, which it used to reward shareholders and strengthen its balance sheet, executives said. The company repurchased $68 million in shares, paid $22 million in dividends and reduced net debt by $42 million.

Comments

Add new comment

This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.

Rich Text Editor, Comment field