Range Resources Ltd (LON:RRL) confirmed a production increase of 9% in the fourth quarter as it released its periodic activities report.
The company reported total production of 58,034 barrels of oil in the quarter ended December 31, up from 53,304 barrels in the preceding three month period. Daily production measured 631 barrels of oil per day in the quarter, up from 579 bopd in the third quarter.
It received US$2.7mln from sales and debtors, up from US$2.3mln, meanwhile, capital expenditure amounted to US$1mln for the period.
In the quarterly statement the company gave further details of its operations in Trinidad and Indonesia.