Range Resources

Range Resources has received approval from Trinidadian regulators to spud the MD 51-2 development well. Drilling was set to begin in July. The directional well is being drilled to a 3,900-ft total depth to test the Middle and Upper Cruse sands encountered by the MD 250 development well. The initial log evaluations of the MD 250 well identified multiple hydrocarbon-bearing zones with an estimated net pay of more than 140 ft. Production tests of both wells are planned after pad drilling operations are completed. MD 51-2 is the second well of six that Range has planned in Trinidad this year.