RANGE RESOURCES CORPORATION issued the following statement.
Last night MarkWest reported an incident at its Houston, Pennsylvania complex which damaged a portion of its gas processing facilities. As a result, some Range wells are shut in while the plant is down to assess the damage.
Range and MarkWest are working closely and are in the process of diverting production to MarkWest's facilities at Majorsville, West Virginia while repairs are made to the Houston facilities.
Based on preliminary reports from MarkWest, the impact to Range's production is expected to be minimal in the second quarter. Range's second quarter production guidance remains at 1,065 to 1,075 Mmcfe per day.
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