As a leading natural gas producer and the pioneer of the Marcellus Shale, we are proud of our long legacy of delivering energy solutions and value to our partners and shareholders.
Our approach to sustainability focuses on merging the objectives of long-term economic value with a commitment to environmental and social responsibility. This strategy is built on strong governance, safe operations, sustainable environmental practices, and demonstrated commitment to our employees and the communities. Together, these efforts are key to driving sustainable, long-term economic value for our Company.
LETTER FROM OUR BOARD OF DIRECTORS
Energy is the building block for all things in our modern, connected world. Our lives require more energy than ever before. This growing reliance for dependable energy has elevated both the role of natural gas and the standard for how we produce it. Range has embraced the latter for more than a decade through transformative initiatives like implementation of an aggressive emission management program, pioneering large scale water recycling and the voluntary disclosure of the composition of the fracturing fluid on a well-by-well basis.
The road we have paved is part of our organizational DNA and is a journey that has been possible through the collective effort of our team. Our team has built not only a resilient company with world-class assets, but also a culture of innovation that has allowed us to be the most efficient operator in the industry. We are proud to say that we are doing this with a strong focus on safety and the well-being of our community and stakeholders.
Dennis L. Degner
Chief Executive Officer and President
James M. Funk
Director and ESGS Committee Chairperson
REPORT HIGHLIGHTS
ENVIRONMENTAL STEWARDSHIP
On track to meet our Net Zero Scope 1 and 2 GHG Emissions 2025 goals through direct emissions reductions and verified carbon offsets
Completed MiQ recertification process with an “A” grade rating for the second consecutive year for the company’s Southwest Pennsylvania (SWPA) production and operations
Recycled approximately 100% of the 11.2 million barrels of flowback and produced water generated from our operations
Exceeded our initial goal of reducing GHG emission intensity by 15% relative to 2019 levels
40% reduction in total number of reportable spills ≥ 1 bbl compared to 2022
67% reduction in methane emissions intensity since 2019
COMMUNITY IMPACT
Paid nearly $5 billion in impact fees, royalty and lease payments, and charitable contributions benefiting Pennsylvania communities through 2023
Invested $985,000 into our communities including $159,500 to first responders through Range’s Good Neighbors Fund
Range employees volunteered 3,066 hours (~ 4 months) in support of community organizations
Awarded grants to 410 local grassroot nonprofit organizations
SAFETY LEADERSHIP
0.00 Total Recordable Incident Rate (TRIR)
0.00 Days Away, Restricted, or Transferred (DART) rate
Range employees completed more than 3,400 hours of safety training
HUMAN CAPITAL MANAGEMENT
Voluntary Employee Turnover rate of 1.6%
Employees completed 16.6 hours of training on average
Managers completed 1,020 hours of leadership/ management training
Launched Financial Wellness Program for employees
RESPONSIBLE GOVERNANCE
Earned a “AAA” MSCI ESG Rating
For the third consecutive year, Range was included in Newsweek Magazine’s annual list of America’s Most Responsible Companies
Enhanced oversight of ESG goals from the Board of Directors ESG and Safety Committee, comprised of Range’s independent directors
