Range Issues Statement in Response to the Press Release Issued by Chapter IV Investors, LLC Dated January 3, 2017
FORT WORTH, Texas, Jan. 03, 2017 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (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 does Range plan to initiate any such discussions. If EQT or any other entity were to contact Range regarding a potential transaction, Range’s Board will evaluate any such potential transaction considering the best interests of its stockholders given the circumstances at the time.
Range does not expect to comment further regarding this matter.
RANGE RESOURCES CORPORATION (NYSE:RRC) is a leading U.S. independent oil and natural gas producer with operations focused in stacked-pay projects in the Appalachian Basin and North Louisiana. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk development drilling opportunities. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com.
Range Investor Contacts:
Laith Sando, Vice President – Investor Relations
David Amend, Investor Relations Manager
Michael Freeman, Senior Financial Analyst
Josh Stevens, Financial Analyst
Range Media Contact:
Matt Pitzarella, Director of Corporate Communications
(January 3, 2017 - 9:18 AM EST)
Investors valued debt-adjusted growth even more in 2016 The crash in oil prices which started at the end of 2014 exposed a number of oil and gas companies that had sacrificed their balance sheet in the name of growth. Many were left over-levered and forced to sell assets or file for bankruptcy in order to make it through the ensuing[Read More…]
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