Profile: Range Resources Corp (RRC.N)
22 Jul 2016
Range Resources Corporation, incorporated on March 26, 1980, is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Company is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States.
The Company's natural gas and oil operations are concentrated in the Appalachian region of the United States, primarily in the Marcellus Shale in Pennsylvania. The Company's properties consist of interests in developed and undeveloped natural gas and oil leases. The Marcellus Shale is an unconventional reservoir, which produces natural gas, NGLs and condensate. The Company has over 350 proven drilling locations. The Company has approximately nine drilling rigs in the field. The Company's reserves also include the Utica/Point Pleasant, Medina and Upper Devonian formations, which principally produce at depths ranging from 3,500 feet to 11,500 feet. The Company owns approximately 4,460 net producing wells. The Company has approximately one million gross acres under lease.
The Company's other operations include drilling, production and field operations in the Texas Panhandle, as well as in the Anadarko Basin of western Oklahoma, the Nemaha Uplift of Northern Oklahoma and Kansas, the Permian Basin of West Texas and Mississippi. The Company owns approximately 440 net producing wells in these locations. The Company has approximately 396,000 gross acres under lease. The area has development inventory of over 50 proven drilling locations and over 30 proven recompletions.
Range Resources Corp
100 Throckmorton St Ste 1200
FORT WORTH TX 76102-2842
Company Web Links
- BRIEF-Sailingstone Capital reports 10.84 pct stake in Range Resources
- BRIEF-Range Resources declares Q2 cash dividend of $0.02 on its common stock
- BRIEF-Range Resources reports 47.6 pct stake in Memorial Resource Development
- BRIEF-Range Resources says may be required to pay MRD termination fee of $125 mln or $300 mln
- Range Resources buying Memorial in rare energy merger