Investors

2016 Press Releases

12/01/2016Range Declares Quarterly Dividend
FORT WORTH, Texas, Dec. 01, 2016 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (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 and natural gas producer with operations focused in stacked-pay... 
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10/25/2016Range Announces Third Quarter 2016 Results
FORT WORTH, Texas, Oct. 25, 2016 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (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 Coast markets North Louisiana production growth and additional takeaway proj... 
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10/05/2016Range Announces Conference Call to Discuss Third Quarter 2016 Financial Results
FORT WORTH, Texas, Oct. 05, 2016 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (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 866-900-7525 and provide conference code 92858145 about 10 minutes prior ... 
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09/16/2016Range Announces Closing of Merger With Memorial Resource Development Corp.
FORT WORTH, Texas, Sept. 16, 2016 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION “Range” (NYSE:RRC) and MEMORIAL RESOURCE DEVELOPMENT CORP. (“MRD”) (NASDAQ:MRD) 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 meet... 
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09/15/2016Range Merger With Memorial Resource Development Corp. Receives All Required Stockholder Approvals
FORT WORTH, Texas, Sept. 15, 2016 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION “Range” (NYSE:RRC) today announced that its stockholders overwhelmingly approved the issuance of Range common stock necessary for Range to acquire Memorial Resource Development Corp. “MRD” (NASDAQ:MRD).  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 commo... 
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09/02/2016Range Declares Quarterly Dividend
FORT WORTH, Texas, Sept. 02, 2016 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (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 CORPORATION (NYSE:RRC) is a leading independent oil and natural gas producer with operations focused in stacked-pay pr... 
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08/31/2016Range Resources Corporation Announces Extension of its Previously Announced Offers and Consent Solicitations for Memorial Resource Development Corp.’s 5.875% Senior Notes and all of Range Resources’ Senior Subordinated Notes to Coincide with Expected Closing of Range’s Acquisition of Memorial
FORT WORTH, Texas, Aug. 31, 2016 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (“RANGE”) (NYSE:RRC) today announced that it has extended its previously announced exchange offers for certain of Range’s and Memorial Resource Development Corp.’s (“Memorial”) notes listed in the table below and the cash tender offers for Memorial’s notes listed below (collectively, the “Offers”), in order to coincide with the expected closing of Range’s acquisition of Memorial. Accordingly, the Offers will expir... 
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08/17/2016Range Resources Corporation Announces Early Tender Results for Offers and Consent Solicitations for Memorial Resource Development Corp.’s 5.875% Senior Notes and all of Range Resources’ Senior Subordinated Notes
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 CORPORATION (“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 previously announced exchange offers for certain of Range’s and Memorial Resource Development Cor... 
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08/08/2016Range Resources Corporation to Add New Independent Director to Board
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 CORPORATION (NYSE:RRC) and SailingStone Capital Partners, LLC, owner of approximately 11% of Range’s shares outstanding, today jointly announced that they have entered into an agreement for Range to appoint to its Board of Directors... 
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08/03/2016Range Resources Corporation Commences Offers and Consent Solicitations for Memorial Resource Development Corp.’s Senior Notes and Range’s Senior Subordinated Notes
FORT WORTH, Texas, Aug. 03, 2016 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION “Range” (NYSE:RRC) announced today that, in connection with the anticipated merger of Range and Memorial Resources Development Corp. (“Memorial”), Range has commenced offers to Eligible Holders (as defined below) (collectively, the “Eligible Holder Offers”) (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 sen... 
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07/26/2016Range Announces Second Quarter 2016 Results
FORT WORTH, Texas, July 26, 2016 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE:RRC) today announced its second quarter financial results.  Highlights – Announced pending merger with Memorial Resource Development Corp. Second quarter company production averaged 1,421 net Mmcfe per day, up 4% from the prior-year quarter, with Marcellus production averaging a record 1,379 net Mmcfe per day, up 16% from the prior-year quarter Unit costs reduced by 8%, or $0.24 per mcfe, compar... 
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07/18/2016Range Resources Corporation Announces Record Date and Expected Meeting Date Timing for Special Stockholder Meeting Regarding Merger With Memorial Resources Development Corp.
FORT WORTH, TX -- (Marketwired) -- 07/18/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) ("Range") announced today that it has established a record date and the expected timing of its meeting date for the special meeting of its stockholders to consider and vote upon (i) the proposal (the "Range Stock Issuance Proposal") to approve the issuance of shares of Range common stock, par value $0.01 per share, to stockholders of Memorial Resource Development Corp. (NYSE: MRD) ("MRD") in connection with t... 
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06/15/2016Range Announces Conference Call to Discuss Second Quarter 2016 Financial Results
FORT WORTH, TX -- (Marketwired) -- 06/15/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its second quarter 2016 financial results news release will be issued Tuesday, July 26 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Wednesday, July 27 at 9:00 a.m. ET (8:00 am CT). To participate in the call, please dial 877-407-0778 and ask for the Range Resources second quarter 2016 financial results confe... 
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06/01/2016Range Declares Quarterly Dividend
FORT WORTH, TX -- (Marketwired) -- 06/01/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the second quarter. A dividend of $0.02 per common share is payable on June 30, 2016 to stockholders of record at the close of business on June 15, 2016. RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading independent oil and natural gas producer with operations focused in stacked-pay projects in the App... 
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05/16/2016Range Resources Corporation Announces Merger With Memorial Resource Development Corp.
FORT WORTH, TX -- (Marketwired) -- 05/16/16 -- RANGE RESOURCES CORPORATION "Range" (NYSE: RRC) and MEMORIAL RESOURCE DEVELOPMENT CORP. "MRD" (NASDAQ: MRD) announced today a definitive merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at $4.4 billion. This valuation includes the assumption of MRD's net debt, which was $1.1 billion as of March 31, 2016. Jeff Ventura, Range's CEO, said, "This is an exciting ann... 
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04/28/2016Range Announces First Quarter 2016 Results
FORT WORTH, TX -- (Marketwired) -- 04/28/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its first quarter financial results. Highlights - Unit costs reduced by 10%, or $0.29 per mcfe compared to prior-year quarter Completed and contracted asset sales announced totaling approximately $190 million of proceeds Absolute debt levels reduced by $631 million over the last twelve months Existing $3 billion bank credit facili... 
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03/28/2016Range Announces Closing of Bradford County Asset Sale
FORT WORTH, TX -- (Marketwired) -- 03/28/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that it has completed the sale of its Bradford County non-operated assets. After purchase price adjustments based upon a January 1st effective date, Range received approximately $110 million of sales proceeds at the closing plus retaining the net cash flow since the effective date. In early February, Range signed a purchase and sale agreement covering its non-operating Marcellus interest in B... 
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03/18/2016Range Announces Conference Call to Discuss First Quarter 2016 Financial Results
FORT WORTH, TX -- (Marketwired) -- 03/18/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its first quarter 2016 financial results news release will be issued Thursday, April 28 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Friday, April 29 at 9:00 a.m. ET (8:00 am CT). To participate in the call, please dial 877-407-0778 and ask for the Range Resources first quarter 2016 financial results confer... 
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03/17/2016Range Announces Annual Borrowing Base Approval
FORT WORTH, TX -- (Marketwired) -- 03/17/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that the Company's existing $3 billion Borrowing Base and $2 billion Commitment Amount under its $4 billion bank credit facility have been unanimously approved by its 29 lenders. Under the terms of the credit agreement, Range is subject to an annual Borrowing Base redetermination with the next redetermination scheduled for May 1, 2017. The credit facility matures in October, 2019. The financia... 
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02/25/2016Range Reports 2015 Earnings, Announces 2016 Capital Plans
FORT WORTH, TX -- (Marketwired) -- 02/25/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its 2015 financial results. Highlights - Fourth quarter unit costs reduced by 15%, or $0.46 per mcfe compared to prior-year quarter Fourth quarter natural gas differential improved $0.20, or 35%, compared to prior-year quarter, driven by additional takeaway projects Record annual average daily production of 1.4 Bcfe per day Reserv... 
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02/25/2016Range Announces 6% Increase in Year-End Proved Reserves
FORT WORTH, TX -- (Marketwired) -- 02/25/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its proved reserves as of December 31, 2015 were 9.9 Tcfe. Highlights - Excluding asset sales of 963 Bcfe, proved reserves increased 6% from year-end 2014 Range replaced 436% of 2015 production Drill-bit finding cost with revisions was $0.37 per mcfe Proved developed reserves increased 25% before deducting sales of reserves an... 
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01/15/2016Range Announces Conference Call to Discuss Fourth Quarter and 2015 Financial Results
FORT WORTH, TX -- (Marketwired) -- 01/15/16 -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its fourth quarter and 2015 calendar year financial results news release will be issued Thursday, February 25 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Friday, February 26 at 9:00 a.m. ET (8:00 am CT). To participate in the call, please dial 877-407-0778 and ask for the Range Resources 2015 financial res... 
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