RRC
- Range Resources Corporation
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Overview
Company Summary
Range Resources Corporation (RRC) is a company primarily engaged in the exploration, development, and production of natural gas and oil resources. Founded in 1976 and headquartered in Fort Worth, Texas, Range Resources operates primarily in the United States, with a diverse portfolio of properties in various regions known for their rich energy reserves.
The company's core business revolves around the acquisition and development of unconventional natural gas assets, particularly in shale formations. Range Resources has expertise in extracting natural gas from shale reservoirs using advanced drilling techniques such as horizontal drilling and hydraulic fracturing (or fracking). These techniques enable the company to tap into previously inaccessible gas reserves within tight rock formations.
Range Resources actively explores and develops its extensive leasehold acreage, with a focus on high-quality assets in prolific shale plays like the Marcellus, Utica, and Upper Devonian formations in Pennsylvania, Ohio, and West Virginia. The company also has operations in other regions, including the North Louisiana Haynesville shale and the Barnett shale in Texas.
Additionally, Range Resources engages in the downstream activities of natural gas, such as processing, marketing, and transportation. It has investments in midstream infrastructure, including gathering systems, pipelines, and compressor stations. By strategically connecting producing areas to market hubs, Range Resources maximizes the value of its gas production and ensures efficient delivery to customers.
As an energy company, Range Resources places a strong emphasis on environmental, social, and governance (ESG) factors. It aims to operate responsibly, adhering to environmental regulations and implementing sustainable practices. The company also supports local communities, investing in initiatives related to education, healthcare, and environmental stewardship.
In summary, Range Resources is an exploration and production company focused on unlocking and monetizing natural gas and oil resources through advanced drilling techniques. With a significant presence in key shale plays, the company is committed to responsible operations and sustainable development in the energy sector.