Senior Vice President of Reservoir Engineering & Economics, Antero Resources
Search every verified Alan Farquharson interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In 2013, Alan Farquharson, then Senior Vice President at Range Resources, discussed the company's projected annual production growth rate of 20 to 25% over several years, targeting nearly three billion cubic feet per day. He stated that the company conducted a "bottoms up analysis" involving land, geology, drilling, completions, regulatory, and marketing teams to support this growth. Farquharson noted that Range Resources planned to export ethane to Europe in 2015 through a deal with INEOS. Farquharson said that cash flow was expected to grow faster than production, allowing the company to reduce its debt-to-EBITDA ratio from 2.8 in 2012 to under two by the end of 2013, with only modest capital outspending of around $350 million in the initial years. He added that 85% of capital was allocated to the Marcellus Shale, while other plays such as the horizontal Mississippian, Klein Shale, Wolfberry, Upper Devonian, and Utica were considered part of the company's emerging play inventory.
“Range Resources recently announced a projected annual growth rate of 20 to 25% over the next several years that leads to almost three BCF a day of production that's right around the corner for you guys.”
“We really did a Bottoms Up analysis throughout the entire company of having everyone involved land geology drilling completions regulatory marketing as well to be involved in this analysis.”
“We announced that we'll be exporting ethane in 2015 with our deal with INEOS over here to Europe.”
“While it's 20 to 25% production growth for many years, cash flow is actually going to grow a little bit faster than that, so as a result of that with cash flow growing a little bit faster our debt metrics will actually be coming down over time.”
“We expect the debt to move from the current 2.8 number it is pro forma 2012 to under two by the end of this, so we think it's going to be able to be funded with just a little bit of capital outspending in the first several years of maybe $350 million.”
“This year 85% of our capital is going to The Marcellus. We view the horizontal Mississippian as well as some of the other plays like the Klein Shale, the Wolfberry, the Upper Devonian as well as UA as part of our emerging play inventory.”
Range Resources Senior Vice President, Alan Farquharson, discusses the company's operations led by its approximately one ...
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