Range Resources Corp. today announced that first quarter 2020 production averaged approximately 2,294 Mmcfe per day. Range continues to expect 2020 production to average approximately 2.3 Bcfe per day, including an expected exit rate of approximately 2.3 Bcfe per day. The following table details Range’s average production and realized pricing for first quarter 2020: 1Q20 Production & Realized Pricing Natural Gas Oil NGLs [...]
Range Resources Corp. announced today that its first quarter 2020 financial results news release will be issued Thursday, April 30 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Friday, May 1 at 9:00 a.m. ET . A webcast of the call may be accessed over the internet at www.rangeresources.com. The webcast will be archived for replay on the [...]
Range Resources Corp. today announced that it has reduced its 2020 all-in capital budget from $520 million to $430 million. Range still expects to maintain production at approximately 2.3 Bcfe per day for 2020. “This announcement is a continuation of Range’s prior actions and commitment to prioritizing the balance sheet and aligning capital with projected cash flow. Having met our firm transportation commitments in the [...]
Range Resources Corp. today announced that its $3.0 billion borrowing base was reaffirmed under the Company’s credit facility in accordance with the redetermination process. Aggregate bank commitments under the credit facility remain at $2.4 billion. At year-end 2019, Range’s liquidity was approximately $1.7 billion. Commenting on the announcement, Jeff Ventura, the Company’s CEO, said, “Range has made considerable [...]
Range Resources Corp. today announced its fourth quarter and full-year 2019 financial results. Highlights – All-in 2019 capital spending was $728 million, approximately $28 million less than the original budget Sold assets for gross proceeds of $785 million in 2019 to reduce debt Fourth quarter cash unit costs improved by $0.26 per mcfe compared to prior year period Year-end proved reserves increased to 18.2 Tcfe [...]
Range Resources Corp. announced today the results to date of Range’s previously announced cash tender offers to purchase up to $500 million aggregate principal amount of its outstanding 5.750% senior notes due 2021 , 5.875% senior notes due 2022 and 5.000% senior notes due 2022 . Based on information provided by D.F. King and Co., the tender agent for the Tender Offers, approximately $1,057.9 million aggregate [...]
Range Resources Corp. announced today that its fourth quarter 2019 financial results news release will be issued Thursday, February 27 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Thursday, February 28 at 9:00 a.m. ET . To participate in the call, please dial 866-900-7525 and provide conference code 6653428 about 10 minutes prior to the [...]
Range Resources Corp. announced today that it has priced at par an offering of $550 million aggregate principal amount of senior notes due 2026 , which will carry an interest rate of 9.25%. Range expects that the net proceeds of the offering will be approximately $541.6 million. The size of the offering was increased from the previously announced $500 million to $550 million. On January 8, 2020, Range also commenced [...]
Range Resources Corp. announced today the commencement of cash tender offers to purchase up to $500 million aggregate principal amount of its outstanding 5.750% senior notes due 2021 , 5.875% senior notes due 2022 and 5.000% senior notes due 2022 in the priorities set forth in the table below. The following table sets forth certain terms of the Tender Offers: Dollars per $1,000 Principal Amount of Notes Title of Notes [...]
Range Resources Corp. announced today that it intends, subject to market conditions, to offer $500 million aggregate principal amount of senior notes due 2026 in a private placement to eligible purchasers. On January 8, 2020, Range also commenced tender offers to purchase for cash , subject to certain conditions, up to $500 million aggregate principal amount of its outstanding 5.750% senior notes due 2021, 5.875% senior [...]
Range Resources Corp. today announced a 2020 capital budget of $520 million, which is expected to maintain daily production at approximately 2.3 Bcfe. Additionally, Range announced that year-end 2019 reserves increased to 18.2 Tcfe. Highlights – All-in 2020 capital budget of $520 million maintains production at ~2.3 Bcfe per day Similar inventory of drilled uncompleted lateral footage expected at year-end 2020 as [...]
Range Resources Corp. today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the fourth quarter. A dividend of $0.02 per common share is payable on December 30, 2019 to stockholders of record at the close of business on December 13, 2019. Range Resources Corp. is a leading U.S. independent natural gas, NGL and oil producer with operations focused in stacked-pay projects in [...]
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