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Our look at
RANGE RESOURCES
RANGE RESOURCES APPALACHIA
LLC
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Range Resources
Corporation
was incorporated in Ohio in 1976 as
Lomak Petroleum Inc.
Lomak was acquired by Snyder
Oil Company
in 1988. In 1997 Lomak increased its Pennsylvania holdings, buying
properties from
Cabot Oil &
Gas Corporation.
Range Resources was created in 1998, the result of a merger between
Lomak Petroleum Inc. and
Domain Energy Corporation. In 1999, Range Resources formed
Great Lakes Energy Partners,
a joint venture with
FirstEnergy Corporation.
"The Mothers of Marcellus"
In
2004-05, Fort Worth Texas based
Range Resources drilled its
first 3 gas wells in Marcellus Shale
around
Washington County Pennsylvania.
By the end of 2006,
Range had 314,00 acres leased in
the
Marcellus Shale
gas play
with 3 horizontal wells and 14 vertical wells already
drilled. Range Resources had plans for another
40 horizontal wells in 2008.
The Pittsburgh office at
Southpointe
opened in early 2007 with one former
Halliburton
employee, V.P. Ray Walker, Jr.
and has expanded to a 120 person operation, according to Range's early
2009 reports.
Range Resources is the third-largest natural gas driller in the US,
and the parent company of
Range Production Co.
Range Resources closed its Houston, Texas office Nov. 1, 2009.
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UPDATES
July 2009 - In a
stock deal with Penneco Oil Company, Inc.
and Penneco Pipeline Corporation,
Range offered and sold 380,229 shares of Range Resources
common stock (Symbol: RRC) with a par
value of 1¢ per share, making the deal worth approximately $19 million
(calculation uses an early 2010 stock price of $50 per share).
The shares were offered and sold pursuant to a prospectus dated
July 8, 2009.
December 2009 - Range
sold its New York properties for $36 million.
2010 -
Range plans to drill and
case 150 horizontal Marcellus Shale wells.
March 2010 - Range
expects to close the sale of its tight sand properties
in Ohio for $330 million.
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Headquarters &
Pittsburgh Office
Headquarters
Range Resources
Two City Place
100 Throckmorton St., Suite 1200
Fort Worth, TX 76102
Telephone: 817-870-2601
Fax: 817-869-9100
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Photos courtesy of FWCanDo |
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Photos courtesy of FWCanDo |
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Pittsburgh, PA
Marcellus Shale Team
Southpointe
Range Resources Appalachia LLC
380 Southpointe Blvd., Suite 300
Canonsburg, PA 15317
Telephone: 724-743-6700
Fax: 412-592-0332 |
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Range Resources headquarters at Southpointe
near Canonsburg, Pennsylvania
SOUTHPOINTE PLAZA II |
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