Range Resources Corp.

Range Resources Corp. today announced its fourth quarter and full-year 2019 financial results. Highlights – All-in 2019 capital spending was $728 million, approximately $28 million less than the original budget Sold assets for gross proceeds of $785 million in 2019 to reduce debt Fourth quarter cash unit costs improved by $0.26 per mcfe compared to prior year period Year-end proved reserves increased to 18.2 Tcfe [...]

Range Resources Corp. announced today the results to date of Range’s previously announced cash tender offers to purchase up to $500 million aggregate principal amount of its outstanding 5.750% senior notes due 2021 , 5.875% senior notes due 2022 and 5.000% senior notes due 2022 . Based on information provided by D.F. King and Co., the tender agent for the Tender Offers, approximately $1,057.9 million aggregate [...]

Range Resources Corp. announced today that its fourth quarter 2019 financial results news release will be issued Thursday, February 27 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Thursday, February 28 at 9:00 a.m. ET . To participate in the call, please dial 866-900-7525 and provide conference code 6653428 about 10 minutes prior to the [...]

Range Resources Corp. announced today that it has priced at par an offering of $550 million aggregate principal amount of senior notes due 2026 , which will carry an interest rate of 9.25%. Range expects that the net proceeds of the offering will be approximately $541.6 million. The size of the offering was increased from the previously announced $500 million to $550 million. On January 8, 2020, Range also commenced [...]

Range Resources Corp. announced today the commencement of cash tender offers to purchase up to $500 million aggregate principal amount of its outstanding 5.750% senior notes due 2021 , 5.875% senior notes due 2022 and 5.000% senior notes due 2022 in the priorities set forth in the table below. The following table sets forth certain terms of the Tender Offers: Dollars per $1,000 Principal Amount of Notes Title of Notes [...]

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 [...]