Range Resources is an independent oil & gas production company that focuses on the acquisition and drilling of oil & gas producing properties in the Southwestern, Appalachian, and Gulf Coast Regions.^[1] Over its history, Range Resources has been evolving from a strategy of acquiring older, producing properties cheaply and then boosting production quickly to one more focused on "drillbit" growth and developing its own wells. Now, RRC focuses on its three core regions in order to build economies of scale and local geological and drilling expertise^[2]

Today, most of the company's properties are unconventional shale and coal bed methane plays. These (like its properties in the prolific Barnett Shale) generally have long production lives and slow declines, but sometimes require more ingenuity and higher cost to drill effectively, and are only profitabl when prices are high. Thus, the company benefits most from efficient use of drilling technology and operational management in order to extract from these properties. About 82% of the company's proved reserves are natural gas, the production and sale of which accounts for around 66% of revenues.

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