Top Oil Companies To Own For 2015

Top Oil Companies To Own For 2015: Range Resources Corporation(RRC)

Range Resources Corporation, an independent natural gas company, engages in the acquisition, exploration, and development of natural gas properties primarily in the Appalachian and southwestern regions of the United States. The company?s Appalachian region drilling and producing activities include tight-gas, shale, coal bed methane, and conventional natural gas and oil production in Pennsylvania, Virginia, Ohio, and West Virginia. It owns 4,969 net producing wells, approximately 2,750 miles of gas gathering lines, and approximately 1.8 million gross acres under lease. The company?s Southwestern drilling and producing activities cover the Barnett Shale of North Texas, the Permian Basin of West Texas and eastern New Mexico, the East Texas Basin, the Texas Panhandle, and the Anadarko Basin of Western Oklahoma. It owns 1,954 net producing wells, as well as approximately 886,000 gross acres under lease. As of December 31, 2010, Range Resources Corporation had had 4.4 Tcfe of pr oved reserves. It sells gas to utilities, marketing companies, and industrial users. The company was formerly known as Lomak Petroleum, Inc. and changed its name to Range Resources Corporation in 1998. Range Resources Corporation was founded in 1975 and is headquartered in Fort Worth, Texas.

Advisors' Opinion:

• [By Doug Ehrman]

  The report
  The group bases its report on how much natural gas it believes is recoverable in the U.S. using only currently available technologies, but ignoring any cost constraints that might act as a disincentive to the actual recovery of the supply. The boom in hydraulic fracturing more commonly referred to as fracking is primarily responsible to the increase. Geographically, the Marcellus Shale, stretching from New York across Pennsylvania to Ohio, has been at the center of the supply glut. Both Chesapeake and Range Resources (NYSE: RRC  ) have large holdings in the area. Range ! Resources has faced far fewer non-natural-gas setbacks than Chesapeake specifically, Range did not suffer from the misbehavior of its CEO and its stock is up nearly 50% over the last two years. The fates of different natural gas stocks have been very company-specific of late.

• [By Tyler Crowe]

  With natural gas prices back on the upswing today, those same companies that had written down their assets in 2012 can start to put them back on the books. This is whyRange Resources (NYSE: RRC  ) and Cabot Oil & Gas (NYSE: COG  ) both have reserve replacement costs below $6.25, one-fifth of the industry average. Both of these companies have very natural gas-heavy portfolios, so as gas prices go back up, they can put these assets back on their books without spending any money on further exploration or acquisitions.

• [By Aaron Levitt]

  While that does include Canada, the bulk of these holdings production is priced according to Brent crude benchmarks. Any hiccups in Irans willingness to comply with rules will benefit these firms more than, say, shale producer Range Resources (RRC). At the same time, the U.S.-based holdings in IXC represent some of the largest and globally diverse energy firms on the planet. Theyll pick-up plenty of Brent crude gains as well. Expenses for IXC run just 0.48% or $48 per $10,000 invested

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-oil-companies-to-own-for-2015-2.html