Range hikes capex 17% to $126 million; quarterly profit falls to $4.6 million
Ray Tyson Petroleum News Houston correspondent
Texas-based independent Range Resources has set a 2004 capital expenditure budget of $126 million, a 17 percent increase compared to 2003, the company said March 2, adding that this year’s budget does not include any acquisitions it could make.
Projects this year include the drilling of 409 wells a....
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