Former Chairman, President & Chief Executive Officer, Range Resources
Search every verified Jeffrey Ventura interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. At the 2015 Oil & Gas Conference, Jeffrey Ventura, then Chairman, President, and CEO of Range Resources, discussed the company's position in the Marcellus Shale play. Ventura stated that Range Resources had the discovery well and first commercial well in the Marcellus, completed in October 2004, which he said turned the company from a small firm into part of a premier gas field. He described Range as the largest and lowest-cost producer in the Marcellus, according to Wood Mackenzie, and emphasized that size, scale, and low cost are critical in a commodity business. Ventura also highlighted infrastructure projects, including the Spectra Uniontown to Gas City pipeline, which he said transports 200 million cubic feet per day of Range's gas to the Midwest with a pricing uplift, and the Mariner East One project, providing firm transport for 40,000 barrels per day of ethane and propane. He projected that natural gas prices would rise to $3.80 to $4.20 within a year or two due to increasing demand from LNG exports, power generation, and industrial growth, and noted that Range had over 50% of its 2016 gas hedged at a $3.42 floor.
“In a commodity business you want to be lowest cost to be able to survive down cycles like we're in now and be able to get better returns when prices, supply and demand equalize. The other thing is we have not just low cost but we have the largest scale according to Wood Mackenzie. So we have the largest footprint which...”
“Spectre Uniontown to gas city started up about two weeks ago with phase one and literally the final phase is in about around September 1st. So in 2 weeks away that'll take about 200 million per day of our gas or about 25% of our gas production from the local M2 market to the Midwest. And the significance right now is t...”
“Range has signed and announced about 200 million per day of contracts. So I expect that'll increase with time but it's really important for the industry. Uh when you look at natural gas there's a lot of natural gas demand coming. Yeah. Uh LNG exports uh you know should be on the order of 10 billion cubic feet per day s...”
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