Range Resources sells rig fleet and looks ahead to waterflood projects
By Amy McLellan The saga of Range Resources has entered a new chapter. The Trinidad-focused E&P, still suspended from trading, is readying plans to begin extended waterflooding to drain additional barrels from its fields. These plans, underpinned by a US$50 million credit facility with China’s Sinosure, could lift production from the Beach Marcelle field to…