Company Timeline

Company History

Range Resources Corporation was originally formed in 1976 as Lomak Petroleum Inc. The following is a timeline tracking our growth and evolution. Since 2000, we have pursued an organic growth strategy at low finding costs by exploiting a multi-decade inventory of drilling opportunities. We have been recognized as the pioneer of the Marcellus Shale and are one of the most active drillers in Pennsylvania. Since 1998, we have been traded on the New York Stock Exchange under the symbol “RRC”.


  • Joined the American Petroleum Institute’s Environmental Partnership. 
  • Announced a 26% increase in proved reserves from prior-year, now totaling 15.3 Tcfe.
  • Announced a 17,875-foot Marcellus lateral, which to date is the longest Marcellus lateral on record.
  • Sold Midcontinent Properties. 


  • Reached a record 2.0 Bcfe per day of production at year end. 
  • Announced the drilling of the longest Marcellus lateral drilled to date. The company successfully drilled three lateral wells that exceed 15,000 feet horizontally in Washington County. 
  • Announced the completion of three wells in the extension area of North Louisiana; Each of the wells encountered significant amounts of gas in multiple zones across the Upper and Lower Red intervals, similar to the prolific Vernon Field that was productive out of both horizons.


  • Completed the merger with Memorial Resource Development Corporation, providing Range with a core acreage position in North Louisiana. 
  • Mariner East startup, Range becomes the first North American company to export ethane to Europe.
  • Completed the sale of Bradford County non-operated assets for approximately $110 million. 
  • Closed on the sale of approximately 9,200 net acres in central Oklahoma for $77.7 million.Record average daily production of 1.854 Bcfe during the fourth quarter of the year. 
  • Record average daily production of 1.854 Bcfe during the fourth quarter of the year. 


  • Announced Marcellus well brought on line with a 24-hour production rate of 43.4 Mmcfe per day, which is a new record and the highest rate ever for any Marcellus well.
  • Completed the sale of its Nora assets. Range received $865 million of sales proceeds. 


  • Announced Utica/Point Pleasant 24-hour test rate of 59.0 Mmcf per day; We believe this is a record for any horizon drilled in the Appalachian Basin.
  • The American Shales book recognizes Range Resources as pioneers of the Marcellus Shale.
  • We sold our Conger assets in Glasscock and Sterling Counties, Texas in exchange for producing properties and other assets in Virginia and $145 million in cash
  • Announced additional ethane and natural gas transportation and sales contracts.


  • Our marketing team builds a diversified portfolio of three ethane markets to ensure our gas meets pipeline quality specifications and provide market diversification.
  • Our net production reached one bcfe per day and averaged 940 Mmcfe per day for the year.
  • Marcellus Shale production averaged over 700 Mmcfe per day.
  • We sold Delaware and Permian Basin properties in southeast New Mexico and West Texas for $275 million.
  • At year-end 2013, reserves were 8.2 tcfe.


  • Purchased 150 CNG trucks for our corporate fleet.
  • Our net acreage in the Horizontal Mississippian play in Northern Oklahoma grew to more than 158,000 net acres.
  • Announced new ethane and propane transportation and sales contracts.
  • Achieved seventh consecutive year of double-digit per share, debt adjusted, growth in both production and reserves.
  • We sold Ardmore Woodford properties in Southern Oklahoma for $135 million.
  • At year-end 2012, reserves were 6.5 tcfe.


  • Sold our Barnett Shale properties for $889 million.
  • Marcellus Shale production ended the year at 400 Mmcfe per day.
  • Ninth consecutive year of production growth.
  • Sixth consecutive year of double digit per share growth in both production and reserves.
  • Northern Marcellus division began 100% water recycling in December 2011
  • Surpassed more than 1 million man hours worked in our Marcellus Shale divisions with no OSHA reportable incidents.
  • At year-end 2011, reserves were 5.1 tcfe.