Independent oil and gas firm Range Resources Corporation (NYSE:RRC) has emerged as one of the companies to watch in the sector considering the magnitude of the gains recorded by its stock so far this year.
The Range Resources Corporation stock has clocked gains of as much as 46.50% so far this year and that is much higher than the 16.5% growth that has been recorded by the wider industry. In this context, it is also necessary to point out that Range Resources Corporation is ranked within the 10 biggest producers of natural gas in the United States.
However, that is not all. The company is also one of the biggest producers of NGL in the United States. The company is not only involved in exploration activities but it is also engaged in the acquisition of entities which are involved in oil and gas production.
In 2021, the Range Resources Corporation has projected that its total production is going to hit 2.15 billion cubic feet of natural gas equivalent a day on average. Out of that, as much as 30% is expected to be made up of liquids. Moreover, Range Resources Corporation has also managed to hedge as much as 75% of the volume that it is going to produce in the second half of this year.
Learn what other oil and gas investors have discovered in the energy field: Allied Energy Corp. (OTCMKTS:AGYP). AGYP is a gem because it is pumping oil domestically (Texas specifically) and providing needed product as major suppliers are failing demand in the oil and gas markets. AGYP differentiates itself because not only is it a domestic oil provider, but the liberals may even be able to get behind an oil and gas exploration company that reworks proven wells. They are essentially as “green” as an oil & gas explorer can be. By reworking the wells they are reducing the carbon footprint of an average oil exploration project. They are also harming less ‘virgin’ land, by getting the most out of what is already there. Finally, this exploration technique takes a lot of the costly guesswork out of exploration, as generally the company will know there’s oil, the question will only be how much? In AGYP’s case there appears to be quite a bit at their Green lease, soon we will learn just how much exactly.
