Range Resources Corporation

Range Resources Corporation

Range Resources Corporation

Overview
Date Founded

1980

Headquarters

100 THROCKMORTON STREET, SUITE 1200, FORT WORTH, TX, 76102

Type of Company

Public

Employees (Worldwide)

533

Industries

Oil & Gas
Power & Utilities

Company Description

Range Resources Corporation is among the leading independent natural gas companies operating in the United States through subsidiaries in both the Southwestern and Appalachian regions of the country. The Company pursues an organic growth strategy at low finding costs by exploiting a multi-decade inventory of drilling opportunities. A large portion of the Company’s drilling inventory consists of unconventional resource plays targeting shale and coal bed methane natural gas reservoirs. Our drill bit growth strategy is supplemented periodically with complementary acquisitions in or around our current operations, leveraging our technical expertise to add to the reserve growth potential of the Company. At December 31, 2012, Range had 6.5 Tcfe of proved reserves, a 29% increase over the prior year. Proved reserves were 74% natural gas, 22% natural gas liquids and 4% crude oil. In addition, Range estimates 48 to 68 Tcfe in net unrisked resource potential from its unbooked drilling inventory and emerging plays. Range’s common stock is listed on the New York Stock Exchange under the symbol “RRC.”

Contact Data
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Executives & Employees

Chief Executive Officer & President

Senior Vice President & Chief Financial Officer

Senior Vice President & Chief Operating Officer

Senior Vice President-General Counsel & Corporate Secretary

Chief Accounting Officer, Senior Vice President & Controller

Head-Government Relations

Senior Vice President-Reservoir Engineering & Economics

Head-Human Resources

Finance Leader

Director-Communications

Board of Directors

Former Chief Financial Officer & Executive Vice President at Phillips 66

Co-Founder at XTO Energy, Inc.

Former Chief Financial Officer, Treasurer & Executive Vice President at Smith International, Inc.

President & Chief Executive Officer at Pecos Operating Co. LLC

Chief Executive Officer & President at Range Resources Corporation

Chief Financial Officer, Secretary, Treasurer at Kimbell Art Foundation

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Owners & Shareholders
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SSCP is a solutions-oriented manager that focuses exclusively on delivering superior risk-adjusted returns, over the long-term in the global natural resource sector. The firm purchases stakes in companies that we expect to create value only when we believe that the risk of capital impairment is low. They strive to generate attractive through-cycle returns across a broad array of commodities in a concentrated, liquid investment strategy. Their minimum investment horizon is 3-5 years, reflecting the durable nature of our portfolio companies' competitive advantages.

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EXOR UK invests in different sectors, mainly in Europe and in the US, focusing on few global companies.

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Kopernik Global Investors implements global investment strategies through an active, fundamentals-based, value-oriented process. The firm seeks to identify potential investments that trade at significant discounts to their intrinsic value. For strategies that permit short positions, they seek to short securities of companies that they believe are overvalued by the market, with an emphasis on securities selling at significant premiums to their intrinsic values. Their security selection process is driven by bottom-up fundamental research. Kopernik Global Investors typically invests in equity securities, with large, mid or small-cap, but may invest in other securities such as bonds, commodities, currencies, derivatives and other financial instruments. They may invest in securities of companies in developed global markets, as well as emerging and frontier markets.

Recent Transactions
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Tokyo Gas Co., Ltd., Castleton Resources LLC purchase Range Resources Corp. /Terryville Upstream from Range Resources Corporation

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Range Resources Corporation, Tanos Energy Holdings LLC purchase Wildhorse Resources II LLC /Oil & Gas Assets from WildHorse Resource Development Corp.

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Range Resources Corporation purchases Range Resources - Louisiana, Inc.

Insider Transactions
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Transaction Advisors
Underwriter

Advised onRange Resources Corporation issued USD Common Stock

Underwriter

Advised onRange Resources Corporation issued USD Common Stock

Underwriter

Advised onRange Resources Corporation issued USD Common Stock

Legal Advisor

Advised onRange Resources Corporation purchases Range Resources - Louisiana, Inc.

Legal Advisor

Advised onRange Resources Corporation purchases Range Resources - Louisiana, Inc.

Legal Advisor

Advised onRange Resources Corporation purchases Great Lakes Energy Partners LLC from FirstEnergy Corporation

Advisors & Consultants
Legal Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Legal Advisor

Counsel at Davis Polk & Wardwell LLP

Clients

Cheniere Energy, Inc. engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, and develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1983 and is headquartered in Houston, TX.

PTT Global Chemical Plc engages in the production and distribution of ethylene, propylene polyethylene, and biochemical products. It operates through the following segments: Refinery and Shared Facilities, Aromatics, Olefins and Derivatives, Green Chemicals, Performance Materials and Chemicals, Service and Others, and Investment in Other Joint Ventures and Associates. The Refinery and Shared Facilities segment owns and operates a modern refinery complex and distributes petroleum products. The Aromatics segment includes production and sale of paraxylene, benzene, orthoxylene, mixed xylenes, toluene, and cyclohexane. The Olefins and Derivatives segment manufactures ethylene and propylene. The Green Chemicals comprises products created from natural feedstock such as palm oil, palm kernel oil, vegetable oil, animal fat, corn, sugar from sugarcane, and cassava. The Performance Materials and Chemicals segment offers hexamethylene diisocyanate, acrylonitrile, and methyl methacrylate products. The Services & Others segment comprises jetty and chemical tank farm; utility business; plant management and engineering design; safety, occupational health, environmental and securities; pipeline infrastructure; information technology; outsourcing; marketing and sales of methyl amine derivatives, plastic compound products, specialty products, and health and nutrition products; polymer sale and marketing; logistics; liquidity management and financing vehicle; social enterprise; manufacture, procure, sell products, and provide services that contributes to society; and development support on plastic packaging products. The company was founded on October 19, 2011 and is headquartered in Bangkok, Thailand.

Cleco Corporate Holdings LLC generates, transmits and distributes electricity. The firm's services include electrical vehicles, products and programs, and business services. The company was founded by Floyd Wilson Woodcock in 1934 and is headquartered in Pineville, LA.

Key Stats and Financials As of 2020
Market Capitalization
$4.15B
Total Enterprise Value
$4.77B
Earnings Per Share
$-2.95
Revenue
$1.78B
Net Profit
$-712M
EBITDA
$177M
EBITDAMargin
9.92%
Enterprise Value / Sales
2.68x
Enterprise Value EBITDAOperating
26.62x
TEVNet Income
-6.7x
Debt TEV
0.66x
Total Equity
$1.64B
Total Debt
$3.15B
Three Year Compounded Annual Growth Rate Of Revenue
-9.44%
Non-Profit Donations & Grants
Political Donations
$2,500
2013
$500
2013
$500
2013
Suppliers
MarkWest Energy Partners LP Oil & Gas | Denver, Colorado

MarkWest Energy Partners LP engages in the business of gathering, processing and transportation of natural gas; the transportation, fractionation, storage and marketing of natural gas liquids; and the gathering and transportation of crude oil. It operates through four segments: Marcellus, Utica, Northeast and Southwest. The Southwest segment includes the operations of processing facilities in Corpus Christi, Texas. The Northeast segment assets include the Kenova, Boldman, Cobb, Kermit and the Langley natural gas processing complexes, NGL pipeline and Siloam NGL fractionation facility. The Marcellus segment includes gathering, processing and fractionation infrastructure in the liquids-rich area of the Marcellus Shale The Utica segment provides fractionation services. The company was founded in January 2002 and is headquartered in Denver, CO.

Spectra Energy Partners LP Oil & Gas | Houston, TX

Spectra Energy Partners -- One of North America's Premier Natural Gas Infrastructure Master Limited Partnerships Spectra Energy Partners, LP is a Delaware master limited partnership (MLP) formed by Spectra Energy Corp, headquartered in Houston, Texas, to own and operate natural gas transportation and storage assets. Providing a strategically positioned portfolio along with a strong and flexible financial position, Spectra Energy Partners makes for a credible investment opportunity. Spectra Energy Corp, which is comprised of the former natural gas businesses of Duke Energy Corporation, became a stand-alone publicly traded company in January 2007. Spectra Energy is one of the largest operators of natural gas pipelines and storage facilities in North America. Spectra Energy Partners’ assets include: The East Tennessee Natural Gas system, a 1.7 Bcf/day, 1,517-mile natural gas transportation pipeline located in the southeastern United States. The Ozark Gas Transmission system (OGT), a 0.5 Bcf/day, 565-mile natural gas pipeline that extends from southeast Oklahoma through Arkansas into southeastern Missouri; feeding into OGT is our 365-mile, fee-based Ozark Gas Gathering system. The Big Sandy Pipeline, a 0.2 Bcf/day, 68-mile natural gas pipeline system in eastern Kentucky. The Saltville Gas Storage, a more than 5 Bcf working capacity natural gas storage facility located adjacent to the East Tennessee Natural Gas system in Virginia. A 49 percent interest in Gulfstream Natural Gas System, which owns a 1.3 Bcf/day, 745-mile natural gas pipeline that connects Mobile Bay to the central Florida peninsula through the Gulf of Mexico. A 38.76 percent interest in Maritimes & Northeast Pipeline, LLC (M&N US), which owns a 0.8 Bcf/day, 338-mile mainline natural gas transportation system in the U.S. that extends from the border of Canada near Baileyville, Maine, to northeastern Massachusetts. A 50 percent interest in Market Hub Partners, which owns high-deliverability salt cavern storage assets capable of storing about 51 Bcf of natural gas

MPLX LP Other Business & Consulting Services | Findlay, OH

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets; and distribution fuels services. It operates through the Logistics and Storage (L&S), and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products and water. The Gathering and Processing segment gathers, processes and transports natural gas; gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded on March 27, 2012 and is headquartered in Findlay, OH.

Competitors
Cabot Oil & Gas's Offshore Assets Oil & Gas - Houston, TX

Cabot Oil & Gas Corp. engages in the development, exploitation, production and exploration of oil and natural gas properties. It operates through the Marcellus shale in Pennsylvania. The company was founded in 1989 and is headquartered in Houston, TX.

CNX Resources Corp. Oil & Gas - Canonsburg, Pennsylvania

CONSOL Energy, a publicly owned Pittsburgh-based producer of coal and natural gas, is one of the leading diversified energy companies in the United States of America. Our premium Appalachian coals are sold worldwide to electricity generators and steelmakers, and our Natural Gas Division has grown from a pure-play coalbed methane producer to a full-fledged exploration and production operation. We are a leading producer in the Marcellus Shale and we conduct an active exploration program in the Utica Shale. Since our founding in 1860 and our first active mining operations in 1864, CONSOL has powered the nation with affordable, abundant, reliable domestic energy. Today, CONSOL's more than 9,000 employees help generate the fuels - coal and natural gas - that comprise two thirds of the nation's power supply. Our energy supports the American way of life by helping deliver electricity 24/7, creating family-sustaining jobs and keeping our nation competitive in the global marketplace. Our strong record of environmental stewardship and our commitment to community have helped enable us to become the dynamic and accomplished energy company we are today. CONSOL Energy maintains the largest private research and development facility in the U.S. industry that is devoted exclusively to coal and energy utilization and production. In addition to supporting the production of CONSOL Energy's coal and gas operations, it also focuses on energy development, improving energy efficiency and reducing pollution. This facility was borne out of our core values - Safety, Compliance and Continuous Improvement - and enables us to identify opportunities and implement solutions that drive safety, production, and utilization of our strategic resources in smarter, more efficient ways. CONSOL Energy's coal mines are highly technical operating environments that require specialized training. The days of pick axes and shovels have been replaced with technologically advanced processes such as longwall mining, enhanced safety protocols, digital technologies and sophisticated communications technologies such as those employed at our centralized Communications Center at corporate headquarters. These advances have helped make the mining process safer and more productive, more than doubling resource recovery. CONSOL Energy's natural gas operations include coal bed methane extraction, conventional and shale gas exploration and production, all of which require expertise and technology that continues to evolve and advance. From safety to environmental protocols, techniques and equipment, advances in these areas are continuous, improving recovery, enhancing safety, and providing more environmentally protective methods

Antero Resources Corp. Oil & Gas - Denver, Colorado

Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation. The company was founded by Paul M. Rady and Glen C. Warren, Jr. in June 2002 and is headquartered in Denver, CO.

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