NEWS RELEASE

RANGE BORROWING BASE APPROVED

FORT WORTH, TEXAS, JUNE 26, 2000 … RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its bank group had unanimously approved a new parent company borrowing base. The borrowing base was set at $125 million to reflect the Company’s reduced borrowing needs subsequent to last week’s gas plant sale. As previously indicated, the Company expects outstandings under its bank facility to approximate $115 million at mid-year.

Thomas J. Edelman, Range’s Chairman, commenting on the announcement said, “We are delighted to have completed the plant sale and our parent company borrowing base review. In the last twelve months, we have sharply reduced the Company’s debt. The benefits of our steady debt reduction combined with favorable commodity prices are becoming increasingly evident. With many of our lower priced gas hedges rolling off in the course of the next 90 days, we expect to generate substantial free cash flow beginning in the fourth quarter.”

RANGE RESOURCES CORPORATION is an independent oil and gas company operating in the Permian, Midcontinent, Appalachian and Gulf Coast regions of the United States.

This release contains certain forward looking statements that are based on assumptions that the Company believes are reasonable, but which are subject to a wide range of uncertainties and business risks. Factors that could cause actual results to differ from those anticipated include commodity prices, levels of capital expenditures, future hydrocarbon production rates, interest rates, the market for oil and gas properties and the Company’s ability to complete asset sales on acceptable terms. Additional factors are discussed in the Company's periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 1999, as well as its subsequent quarterly reports on Form 10‑Q.

2000-13

Contact: Analysts: Rodney Waller, Senior Vice President

Investor Relations: Jennifer Hensley

(817) 870-2601 www.rangeresources.com