Profile: Range Resources Corp (RRC.N)
25 May 2017
Range Resources Corporation, incorporated on March 26, 1980, is an independent natural gas, natural gas liquids (NGLs) and oil company. The Company is engaged in the exploration and production of natural gas, NGLs and oil in the United States. The Company is engaged in the exploration, development and acquisition of natural gas and crude oil properties located primarily in the Appalachian and North Louisiana regions of the United States. Its principal areas of operation are the Marcellus Shale of Pennsylvania and the Lower Cotton Valley formation of North Louisiana. Its properties consist of interests in developed and undeveloped natural gas and oil leases.
The Company's properties in the Appalachian region are located in the Appalachian Basin in the northeastern United States, predominantly in Pennsylvania. Its reserves are primarily in the Marcellus Shale formation, and also include the Utica/Point Pleasant, Medina and Upper Devonian formations. As of December 31, 2016, the Company owned 4,526 net producing wells. As of December 31, 2016, the Company had approximately 975,000 gross (899,000 net) acres under lease in Appalachian region. The Lower Cotton Valley formation extends across East Texas, Louisiana and Southern Arkansas. As of December 31, 2016, the Company owned 392 net producing wells in these locations. As of December 31, 2016, the Company had approximately 210,000 gross (187,000 net) acres under lease in North Louisiana.
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 and the Nemaha Uplift of Northern Oklahoma and Kansas. As of December 31, 2016, the Company owned 337 net producing wells in these locations. As of December 31, 2016, the Company had approximately 291,000 gross (209,000 net) acres under lease under its other operations.
Range Resources Corp
100 Throckmorton St Ste 1200
FORT WORTH TX 76102-2842
Company Web Links
- BRIEF-Range Q1 earnings per share $0.69
- After six decades, U.S. set to turn natgas exporter amid LNG boom
- Range Resources could be bargain amid 2017 swoon: Barron's
- Range Resources could be bargain amid 2017 swoon - Barron's
- BRIEF-Sanders Capital reports 6.65 pct passive stake in Range Resources - SEC filing