Range Resources Corp Dossier
Qualitative Analysis
Business overview
Range Resources Corporation (NYSE: RRC) is a leading independent natural gas exploration and production company headquartered in Fort Worth, Texas, with its primary operations concentrated in the Marcellus Shale of the Appalachian Basin in Southwest Pennsylvania. Reorganized under its current name in 1998, the company has established a highly contiguous, low-cost acreage position that enables efficient horizontal drilling and development. Range's production mix is heavily weighted toward natural gas (approximately two-thirds of total production), supplemented by high-value natural gas liquids (NGLs) and oil, which are strategically marketed to domestic and international end-users. As of year-end 2025, the company held estimated net proved reserves of 18.1 Tcfe and operated 1,499 net producing wells.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Utilizing an accumulated drilled but uncompleted (DUC) inventory of over 500,000 lateral feet to convert approximately 400,000 feet to production over 2026 and 2027, running one dedicated drilling rig and one dedicated frac crew.
Expected impact: Provides operational flexibility, allowing for reduced capital or continued growth in future years while driving production to 2.6 Bcfe per day by 2027.
Securing additional processing and takeaway capacity in Southwest Pennsylvania to support production growth and target premium markets outside of Appalachia.
Expected impact: Secures 300 Mmcf/d of additional processing capacity and 250 Mmcf/d of incremental natural gas takeaway capacity, enabling higher realized prices.
Maintaining Net Zero Scope 1 and Scope 2 greenhouse gas emissions through direct emissions reductions, expanding the use of compressed air pneumatic controllers, and utilizing verified carbon credits.
Expected impact: Maintains the company's leading ESG profile and 'A' grade MiQ certification across all Pennsylvania production.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Collaborating to support the development of a state-of-the-art power generation facility within the Fort Cherry Development District in Robinson Township, Washington County, Pennsylvania. The facility is tailored to meet the energy demands of data centers, industrial facilities, and other high-energy-use businesses using Marcellus natural gas.
Terms: Terms not publicly disclosed