Tag: Range Resources
Range Resources announces merger with Memorial Resource Development
Following the transaction, shareholders of MRD are expected to own approximately 31% of the outstanding shares of Range FORT WORTH, Texas – Range Resources Corporation and Memorial Resource Development Corp.(MRD) have announced a 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 […]
Range Resources reports Q4 losses, 2016 capex reduced by 45%
Substantially all activity is focused in Marcellus for 2016, Range Resources expects 8-10% increase in production Fort Worth, TX – Range Resources Corporation says it lost money in Q4 and is cutting its capex by 45 per cent for 2016. “Range continued to perform well operationally during the fourth quarter, despite the challenges from declining […]
Range Resources closes Nora asset sale for $865 million
Range Resources revolving credit facility remains unchanged at $3 billion Fort Worth, Texas-based Range Resources Corporation today announced that it has completed the sale of its Nora assets in southwestern Virginia for $865 million. After purchase price adjustments based upon a November 1st effective date, Range will include the Nora operations for the full fourth quarter of […]
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