Range Resources Corp. announced today that it intends, subject to market conditions, to offer $500 million aggregate principal amount of senior notes due 2026 in a private placement to eligible purchasers. On January 8, 2020, Range also commenced tender offers to purchase for cash , subject to certain conditions, up to $500 million aggregate principal amount of its outstanding 5.750% senior notes due 2021, 5.875% senior [...]
Range Resources Corp. today announced a 2020 capital budget of $520 million, which is expected to maintain daily production at approximately 2.3 Bcfe. Additionally, Range announced that year-end 2019 reserves increased to 18.2 Tcfe. Highlights – All-in 2020 capital budget of $520 million maintains production at ~2.3 Bcfe per day Similar inventory of drilled uncompleted lateral footage expected at year-end 2020 as [...]
Range Resources Corp. today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the fourth quarter. A dividend of $0.02 per common share is payable on December 30, 2019 to stockholders of record at the close of business on December 13, 2019. Range Resources Corp. is a leading U.S. independent natural gas, NGL and oil producer with operations focused in stacked-pay projects in [...]
Range Resources Corp. today announced its third quarter 2019 financial results. Highlights – Sold 2.5% overriding royalty in southwest Appalachia leases for gross proceeds of $750 million Total asset sales of approximately $1.1 billion in the last 12 months Increased credit facility commitment from $2.0 billion to $2.4 billion in October Expected 2019 capital spending reduced to $736 million, $20 million below [...]
Range Resources Corp. today announced multiple transactions demonstrating continued success in enhancing balance sheet strength through debt reduction and the expansion of available liquidity. Additionally, given continuing success in debt reduction, Range also initiated a share repurchase program. Range has increased bank commitments from $2.0 billion to $2.4 billion. The borrowing base of $3.0 billion remains unchanged [...]
Range Resources Corp. announced today that its third quarter 2019 financial results news release will be issued Wednesday, October 23 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Thursday, October 24 at 9:00 a.m. ET . To participate in the call, please dial 866-900-7525 and provide conference code 9092535 about 10 minutes prior to the [...]
Range Resources Corp. has been notified by Sunoco that they will be performing optimization work at the Marcus Hook export terminal that is expected to result in more efficient transportation to end markets. This upgrade will cause the Mariner East pipeline to experience downtime during the month of September. As a result of the outage, Range will sell ethane volumes in its residue natural gas stream that would typically [...]
Range Resources Corp. today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the third quarter. A dividend of $0.02 per common share is payable on September 30, 2019 to stockholders of record at the close of business on September 13, 2019. Range Resources Corp. is a leading U.S. independent natural gas, NGL and oil producer with operations focused in stacked-pay projects in [...]
Range Resources Corp. today announced its second quarter 2019 financial results. Highlights – In July, sold 2% overriding royalty in southwest Pennsylvania leases for gross proceeds of $600 million Sold non-producing acreage in Pennsylvania for gross proceeds of $34 million Cash unit costs of $2.08 per mcfe, an improvement of 5% since year-end 2018 Production averaged 2,287 Mmcfe per day, despite unplanned [...]
Range Resources Corp. today announced that it has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million. The two separate transactions are effective as of March 1, 2019 and apply to existing and future Marcellus, Utica and Upper Devonian development on the subject leases, while excluding shallower and deeper [...]
Range Resources Corp. announced today that its second quarter 2019 financial results news release will be issued Thursday, July 25 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Friday, July 26 at 9:00 a.m. ET . To participate in the call, please dial 866-900-7525 and provide conference code 5476872 about 10 minutes prior to the scheduled start [...]
Range Resources Corp. announced today that Margaret K. Dorman has been appointed to the Company's Board of Directors. Ms. Dorman’s appointment is effective July 1 and was mutually agreed upon by the Company’s Board of Directors and SailingStone Capital Partners, LLC. Ms. Dorman will serve on the Board’s audit committee. Ms. Dorman has 30 years of experience in the energy industry, largely focused in the [...]
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