NEWS RELEASE

RANGE RESOURCES ADDED TO RUSSELL INDEX LIST

FORT WORTH, TEXAS, JULY 11, 2001…RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that the company has been added to the Russell 3000 Index, a ranking of the 3,000 largest U.S. stocks by total market capitalization.

The Russell 3000 Index, which is reconstituted annually, is divided into two subsets. The largest 1,000 companies in the ranking comprise the Russell 1000, while the remaining 2,000 companies become the Russell 2000. Range’s membership in the Russell 2000 was posted July 9 on the Frank Russell Company’s web site at www.russell.com.

Since membership in the Russell Index is determined by non-subjective attributes and market capitalization, it is well-regarded as an unbiased benchmark of market performance. Some of the world’s largest investors, including the Frank Russell Company, use the listing to help choose top-performing money managers.

John H. Pinkerton, Range’s President, said, “Being included in the Russell Index reflects the significant progress made by the Company over the past year, including an 85% rise in our stock price. Importantly, inclusion should increase awareness within the financial community of our rapidly improving debt ratios and financial flexibility.”

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

2001-07

Contact: Analysts: Rodney Waller, Senior Vice President

Investor Relations: Karen Giles

(817) 870-2601 www.rangeresources.com