- Range Resources (NYSE:RRC) says it will sell ethane volumes in its residue natural gas stream that typically would be transported via the Mariner East pipeline system, following news that Sunoco (NYSE:ET) will shut down the pipeline during the month of September to perform optimization work at the Marcus Hook export terminal.
- RRC updates Q3 production guidance to reflect the increased ethane rejection, now seeing production of 2.22B-2.23B cfe/day on a reported basis vs. prior guidance of 2.25B-2.26B cfe/day.
- RRC says the Sunoco optimization work will not impact its operations and it remains on track to spend at or below its previously announced $756M capital budget.