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Range Resources provides drilling update on Smith #1 well, Texas


Published Sep 28, 2009
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Range Resources Limited

Range Resources Limited, the Australia-based oil and gas explorer, provides an update on its exploration drilling programme in North Chapman Ranch project located in Nueces County, Texas.

The exploration well Smith #1 spudded on 4 September 2009. Surface casing has been set and cemented at 1,528ft (465m).

Range holds a 25% working interest in the drilling of Smith #1 well. The well will be drilled to an approximate depth of 14,200ft (4,329m) or to a depth sufficient to test the Howell Hight formation.

If successful, the Smith #1 well could trigger significant oil and gas production and development drilling with very attractive economics, at a time when exploration and development costs in the US have dropped dramatically.

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