Current RRC Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Range sells royalties in 350,000 net surface acres for $600 million, 20,000 non-producing acres for $34 million
Range Resources Corporation (stock ticker: RRC), a Fort Worth-based independent E&P, has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres of its southwest Appalachian Basin assets.

The deal, which is comprised of two separate transactions with an unnamed buyer, is expected to provide Range with total gross proceeds of $600 million.

In June, Range closed the sale of 20,000 non-producing acres in Pennsylvania’s northwestern Armstrong country as well, also to an unnamed buyer, for a purchase price of $34 million. ...

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