US gas producer Range Resources plans to spend about $1.15 billion in 2017 in a bid to increase production by more than a third.
About $1.07 billion of that will go towards drilling and recompletions, with $44 million earmarked for leasehold, $22 million for seismic, and $18 million for pipelines, facilities and "other".
Roughly two-thirds of the budget will be allocated to the Marcellus shale and one-third to North Louisiana where Range is chasing the Terryville shale.
"Higher
