NYSE:RRC$18.80-0.46

2000 - 2010

2010

  • We sold our tight gas sand properties in Ohio for $323 million.
  • Marcellus Shale production ended the year just over 200 Mmcfe per day.
  • Eighth consecutive year of production growth.
  • Achieved double digit per-share growth in both production and reserves.
  • At year-end 2010, reserves were 4.4 tcfe.
  • We became the first company to voluntarily disclose fracturing fluid additives on a per well basis.

2009

  • Focused 90% of our capital spending on three key unconventional gas fields: the Barnett Shale in North Texas, the Nora field in Virginia and the Marcellus Shale in Pennsylvania.
  • Our net acreage in the Marcellus grew to more than 1.3 million acres and net production had reached slightly more than 100 Mmcfe per day.
  • Seventh consecutive year of production growth.
  • Sold West Texas properties for proceeds of $182 million.
  • Our stock was the third best performing S&P 500 stock in our sector for the last decade.
  • Pioneered large scale water recycling for shale gas development in Pennsylvania. 
  • At year-end 2009, reserves were 3.1 tcfe.

    2008

    • Our net acreage in the Marcellus grew to more than 900,000 acres.
    • We brought in a major midstream partner, MarkWest Energy Partners, L.P. to construct the needed gathering and processing facilities in our Southern Marcellus division.
    • The Marcellus Southern division exited the year with a production rate of 35 Mmcfe per day.
    • Barnett Shale production had increased to 110 Mmcfe per day in the course of three years.
    • Our net acreage in Nora increased to 300,000 acres.
    • Delivered 24 consecutive quarters of increasing production growth.
    • At year-end 2008, reserves were 2.7 tcfe.

    2007

    • Delivered 20 consecutive quarters of increasing production growth.
    • Range was added to the prestigious list of companies comprising the Standard & Poor’s (S&P) 500.
    • Opened an office in Pittsburgh, Pennsylvania to focus on the Marcellus Shale.
    • By the end of 2007, we had drilled five consecutive horizontal shale wells in the Marcellus Shale with commercial production rates ranging from 1.4 to 4.7 mmcfe per day.
    • Acquired additional interests in the Nora field of Virginia for $282 million.
    • Sold our high decline Gulf of Mexico properties for proceeds of $155 million.
    • At year-end 2007, reserves were 2.2 tcfe.

    2006

    • Delivered 16 consecutive quarters of increasing production growth.
    • Purchased Stroud Energy with operations in the Barnett Shale in North Texas for $465 million.
    • At year-end 2006 – reserves were 1.8 Tcfe.

    2005

    • Purchased Permian Basin assets for $116 million.
    • Delivered 12 consecutive quarters of increasing production growth.
    • At year-end 2005 – reserves were 1.4 tcfe.

    2004

    • Drilled the first vertical successful well in the Marcellus Shale – the Renz #1 in Washington County, Pennsylvania.
    • Purchased the remaining 50% in Great Lakes Energy Partners L.L.C., our Appalachian joint venture for $298 million.
    • Purchased coal bed methane properties in Virginia for $222 million.
    • Delivered eight consecutive quarters of increasing production growth.
    • At year-end 2004, reserves were 1.2 tcfe.

    2003

    • At year-end 2003, reserves were 685 bcfe.
    • Delivered four consecutive quarters of increasing production growth.

    2002

    • At year-end 2002, reserves were 578 bcfe.

    2001

    • Began to transition to a more technically driven growth strategy with the objective to achieve consistent growth in reserves and production through drilling.  The acquisition strategy focused on incremental interests in existing and adjacent properties to enhance growth.
    • At year-end 2001, reserves were 513 bcfe.