Key Developments: Range Resources Corp (RRC)
77.13USD
24 May 2013
$-0.90 (-1.15%)
$78.03
$77.53
$77.87
$76.89
546,087
1,661,662
$83.15
$53.09
Latest Key Developments (Source: Significant Developments)
Range Resources Corp. Issues FY 2012 Production Guidance-Conference Call
Range Resources Corp. announced that for fiscal 2012, it is projecting 25% to 30% production growth. Full Article
Range Resources Corp. Declares Quarterly Dividend
Range Resources Corp. announced that its Board of Directors declared a quarterly cash dividend on its common stock. A dividend of $0.04 per common share is payable on December 30, 2011 to stockholders of record at the close of business on December 16, 2011. Full Article
Range Resources Corp. Issues Q4 2011 Production Guidance
Range Resources Corp. announced that for fourth quarter of 2011, it expects production at 608 Mmcfe per day. Full Article
Range Resources Corp. Declares Quarterly Dividend
Range Resources Corp. announced that its Board of Directors declared a quarterly cash dividend on its common stock. A dividend of $0.04 per common share is payable on September 30, 2011 to stockholders of record at the close of business on September 15, 2011. Full Article
New York Subpoenas Energy Companies Including Range Resources Corp. Over Gas Well Plans-DJ
Dow Jones reported that three energy companies have been subpoenaed as part of a New York State attorney general's investigation into how they described to investors prospects for their natural gas wells, according to The New York Times. Three companies Range Resources Corp., Cabot Oil and Gas Corp., and Goodrich Petroleum Corp. are being investigated over how they applied federal rules adopted in late-2008 that govern reporting of their oil and gas reserves to investors. Attorney General Eric Schneiderman selected the three companies due to their heavy involvement in natural gas drilling, people with direct knowledge of the investigation said. An ongoing investigation into Chesapeake Energy Corp. was widened to include it in the inquiry with requests for information about its shale gas wells, they said. New York State has more than $45 million of its pension money invested in the four companies. Any improper disclosure to investors could affect the state's financial portfolio, the report said. The subpoenas, sent August 8, seek documents describing formulas the companies used to predict how much gas their wells are likely to produce in coming decades and assumptions the companies made in estimates of long-term profitability. The probe is expected to be closely watched by the industry as Schneiderman is using a New York law called the Martin Act that grants him wide powers over businesses, and allows him to obtain and publicly disclose a broad range of information.. Full Article
Range Resources Corp. Issues Q3 2011 Production Guidance-Conference Call
Range Resources Corp. announced that for the third quarter of 2011, it expects production to average 515 million to 520 million per day. Full Article
Range Resources Corp. Announces CEO Transition Plan
Range Resources Corp. announced its Board of Directors approved a Chief Executive Officer (CEO) transition plan. In accordance with the plan, Range’s President, Jeffrey L. Ventura, will assume the additional role of CEO beginning January 1, 2012. At such time, John H. Pinkerton, Range’s current CEO, will assume the position of Executive Chairman. Full Article
Range Resources Corp. Declares Quarterly Dividend
Range Resources Corp. announced that its Board of Directors declared a quarterly cash dividend on its common stock. A dividend of $0.04 per common share is payable on June 30, 2011 to stockholders of record at the close of business on June 17, 2011. Full Article
Range expects 2013 capital spending to fall to $1.3 bln
Dec 12 - Range Resources Corp said it expects capital spending to fall 19 percent to $1.3 billion in 2013, with nearly 85 percent of the budget going to its oil and liquids-rich operations in the Marcellus and Horizontal Mississippian shale fields.
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