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.”