OGIS New York | Monday April, 20 | Range Resources to Present at Lunch

At lunch on Monday, April 20, 2009 members and investors will have the pleasure of listening to John H. Pinkerton and Jeffrey L. Ventura of Range Resources Corporation who will present their company profile at IPAA’s OGIS New York. Range Resources Corporation has had great success with its Marcellus Shale play. Last month, Range and MarkWest Energy Partners, L.P. announced completion of the first phase of the Marcellus Shale infrastructure. The initial phase included gas gathering and compression, as well as Pennsylvania’s first large-scale gas processing facility. Since then, Range has been completing production facilities and connecting previously drilled wells to the gas gathering system. At IPAA’s OGIS New York conference Mr. Pinkerton and Mr. Ventura will be giving more updates on their exciting progress.

John H. Pinkerton, Chairman, Chief Executive Officer and a director, became a director in 1988 and was elected Chairman of the Board of Directors in 2008.  He joined Range as President in 1990 and was appointed Chief Executive Officer in 1992.  Previously, Mr. Pinkerton was Senior Vice President of Snyder Oil Corporation. Before joining Snyder in 1980, Mr. Pinkerton was with Arthur Andersen.  Mr. Pinkerton received his Bachelor of Arts in Business Administration from Texas Christian University and a Master’s degree from the University of Texas at Arlington.

Jeffrey L. Ventura, President and Chief Operating Officer, joined Range in 2003 and became a director in 2005.  Previously, Mr. Ventura served as President and Chief Operating Officer of Matador Petroleum Corporation which he joined in 1997.  Before 1997, Mr. Ventura spent eight years at Maxus Energy Corporation where he managed various engineering, exploration and development operations and was responsible for coordination of engineering technology.  Previously, Mr. Ventura was with Tenneco Inc., where he held various engineering and operating positions.  Mr. Ventura holds a Bachelor of Science degree in Petroleum and Natural Gas Engineering from the Pennsylvania State University.

IPAA looks forward to hearing from Mr. Pinkerton and Mr. Ventura and learning more about the company’s business model. This session will unquestionably be of great interest to both members and investors.

There are over 75 companies registered to present this year. View the presentation schedule here.

We offer three easy ways to register – online, fax or mail. To register by fax or mail download the faxable registration form and follow the remittance instructions. To expedite your confirmation, register online.

If your public company is interested in making a presentation, please contact Tina Hamlin at thamlin@ipaa.org.

We Jest You Not

Busted?

eeyikes

Last week, The Motley Fool’s Tobey Shute made one of the better cases against the administration’s proposed taxes on American natural gas and oil producers, specifically how “Obama’s Plan to Punish Big Oil Will Backfire.”

From his article:

“I’m afraid, however, that our country’s independent energy producers will disproportionately bear the brunt of these proposed changes, which could lead to less domestic production.

Consider the repeal of the manufacturing tax deduction. This deduction is straightforward enough: produce stuff domestically, score a tax break…”

“…Strip a domestic producer like Southwestern Energy of these savings, though, and the money to pay the higher taxes will predictably come right out of the capital budget. The impact gets multiplied as it translates to reduced demand for the services of Dawson Geophysical (Nasdaq: DWSN), Nabors Industries (NYSE: NBR), and the rest of the oil patch’s service providers.

Maybe politicians aren’t paying attention to what’s happening in the oil patch these days, but we energy-focused Fools are following the company implosions, collapsing rig count, and asset fire sales with great concern. This is a heck of a time to put the brakes on productive activity in the energy sector.”

Shute later points out how the proposed taxes would compel larger companies to… Continue reading