By Tyler Losier, Energy Reporter, Oil & Gas 360

Lime Rock Resources purchases 350,000 net surface acres of overriding royalty interests from Range Resources Corporation

Lime Rock Resources, the E&P arm of private equity firm Lime Rock Partners, has closed on the acquisition of a non-operated overriding royalty interest (ORRI) in 350,000 net surface acres of the Marcellus shale, representing the company’s first procurement in the Appalachian basin.

The ORRI is being sold by Range Resources (stock ticker: RRC) as part of the company’s divestiture of $634 million worth of Appalachian assets announced last week. Up until this point, the identity of the buyers involved in these transactions had not been disclosed.

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