‘The Pay Back for the Investment Is Approximately Two Years’
Canonsburg, Pa.-based Range Resources – which says it pioneered the Marcellus Shale in 2004 – is talking up deployment of 184 natural gas vehicles, a combination of Chrysler Ram 2500 CNG and Chevrolet Silverado 2500 bi-fuel CNG-gasoline pickups, with 100 in southwestern Pennsylvania.
“In addition to the environmental benefits of driving vehicles with significantly cleaner burning engines, the company estimates that the pay back for the investment is approximately two years,” Range (NYSE:RRC) said.
“Both GM and Chrysler Group deserve a tremendous amount of credit for providing natural gas-powered transportation options,” Range COO Ray Walker said in a release.
“We anticipate that demand for CNG vehicles, including the bi-fuel Chevrolet Silverado and GMC Sierra, will continue to grow as infrastructure expands and as a broader array of vehicles are offered,” said General Motors Fleet and Commercial alt fuels director Mark Karney.
‘Walking the Walk’
“Chrysler Group appreciates the interest and confidence that Range Resources has shown in our Ram 2500 CNG pickup,” said Chrysler fleet sales director Jim Sassorossi. “With customers like Range Resources and the state of Oklahoma, which purchased 283 Ram CNG pickups earlier this year, Chrysler Group is encouraged with the growing awareness in CNG-powered pickup trucks by commercial and government fleets.”
“Range Resource is a natural gas company that is not only talking the talk, but they are walking the walk,” said Rick Price, executive director of Pittsburgh Region Clean Cities.
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Source: Range Resources with Fleets & Fuels follow-up