Range Sees Potential Output Doubling on LNG, Data Demand Boost

Range Resources has completed wells at an unprecedented pace in the second quarter, despite sagging natural gas prices. The Appalachian pure-play is eyeing a potential doubling of output by year-end, driven by rising demand for liquefied natural gas (LNG) and data centers.

According to executives, Range's efficiency improvements have enabled it to reach 2.5 billion cubic feet per day (Bcfe/d) in production. This increase is expected to continue into the next quarter, but drilling will slow down towards the end of 2026.

The company's focus on LNG and data center demand has paid off, with executives citing a surge in phone calls from potential customers. However, Henry Hub winter strip prices have slipped below $3.60, which may impact production levels.