FORT WORTH, Texas, Jan. 03, 2017 (GLOBE NEWSWIRE) -- Range Resources Corp. (NYSE:RRC) issued the following statement in response to the press release issued by Chapter IV Investors, LLC dated January 3, 2017: While Range does not typically comment on market speculation, in this instance the company wanted to make clear that it has not been contacted by EQT Corporation regarding a potential merger of the two companies nor [...]
FORT WORTH, Texas, Dec. 01, 2016 (GLOBE NEWSWIRE) -- Range Resources Corp. (NYSE:RRC) 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, 2016 to stockholders of record at the close of business on December 16, 2016. RANGE RESOURCES CORPORATION (NYSE:RRC) is a leading U.S. independent oil [...]
FORT WORTH, Texas, Oct. 25, 2016 (GLOBE NEWSWIRE) -- Range Resources Corp. (NYSE:RRC) today announced its third quarter financial results. Highlights – Merger with Memorial Resource Development Corp. (“Memorial”) closed on September 16th Gulf Markets Expansion pipeline on line in early October improves natural gas netbacks by moving 150,000 Mmbtu per day of Range natural gas from Appalachia to Gulf [...]
FORT WORTH, Texas, Oct. 05, 2016 (GLOBE NEWSWIRE) -- Range Resources Corp. (NYSE:RRC) announced today that its third quarter 2016 financial results news release will be issued Tuesday, October 25 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Wednesday, October 26 at 9:00 a.m. ET (8:00 a.m. CT). To participate in the call, please dial [...]
NEW YORK, September 19, 2016 /PRNewswire/ -- Bank of America and Merrill Lynch are very optimistic that oil prices will soon reach a bottom and begin to head towards a bullish move up through June 2017 due to equities branching out, increase in demand, and decrease in production of oil. As noted by the US equity and quantitative strategist at Bank of America Merrill Lynch, Savita Subramanian, said the bank upgraded its [...]
Range Resources and Memorial Resource Development today announced the completion of the merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at approximately $4.2 billion, including the assumption of MRD’s net debt. The transaction, which was approved by Range and Memorial shareholders at special meetings held on September 15, 2016 [...]
Range Resources today announced that its stockholders overwhelmingly approved the issuance of Range common stock necessary for Range to acquire Memorial Resource Development. At Range’s special meeting held earlier today, approximately 87.0% of the outstanding shares of Range common stock were voted and of those shares voted, approximately 99.3% voted in favor of the issuance of common stock to acquire MRD. The [...]
FORT WORTH, Texas, Sept. 02, 2016 (GLOBE NEWSWIRE) -- Range Resources Corp. (NYSE:RRC) 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, 2016 to stockholders of record at the close of business on September 16, 2016. Range Resources Corp. (NYSE:RRC) is a leading independent oil and [...]
Range Resources today announced that it has extended its previously announced exchange offers for certain of Range’s and Memorial Resources notes listed in the table below and the cash tender offers for Memorial’s notes listed below, in order to coincide with the expected closing of Range’s acquisition of Memorial. Accordingly, the Offers will expire at 6:00 a.m. New York City time, on September 16, 2016 [...]
Approximately 99.69% of Total Outstanding Existing Memorial Senior Notes Tendered Approximately 93.57% of Total Outstanding Existing Range Senior Subordinated Notes Tendered FORT WORTH, Texas, Aug. 17, 2016 (GLOBE NEWSWIRE) -- Range Resources Corp. (“RANGE”) (NYSE:RRC) announced today the results as of 5:00 p.m., New York City time, on August 16, 2016 (the “Early Tender Deadline”), of its [...]
Enters into Agreement with SailingStone Capital Partners to Identify New Director SailingStone Confirms its Intention to Support the Proposed Merger with Memorial Resource Development Corp. FORT WORTH, Texas, Aug. 08, 2016 (GLOBE NEWSWIRE) -- Range Resources Corp. (NYSE:RRC) and SailingStone Capital Partners, LLC, owner of approximately 11% of Range’s shares outstanding, today jointly announced that they have [...]
Range Resources announced today that, in connection with the anticipated merger of Range and Memorial Resources Development, Range has commenced offers to Eligible Holders (1) to either (a) exchange any and all outstanding 5.875% Senior Notes due 2022 issued by Memorial for up to $600 million aggregate principal amount of new senior notes issued by Range or (b) purchase for cash any and all outst...