Range Resources Corp.

• Public
• US

Dow Jones Description

Total revenues increased $28.6 million, or 19% for second quarter 2009 over the same period of 2008. The increase includes a $186.8 million decrease in derivative fair value losses offset by a $155.1 million, or 45% decrease in oil and gas sales. Oil and gas sales vary due to changes in volumes of production sold and realized commodity prices. Due to the extreme volatility in oil and gas prices, realized prices dropped sharply from the prior year, which was partially offset by an increase in production. For second quarter 2009, production increased 14% from the same period of the prior year while realized prices declined 32% from the same quarter of the prior year. For the six months ended June 30, 2009, production increased 13% from the same period of the prior year while realized prices declined 31%. We believe oil and gas prices will remain volatile and will be affected by, among other things, weather, the U.S. and worldwide economy, new regulations and the level of oil and gas production in North America and worldwide.

Number of Employees 835

Contact Information

Peer Companies

• Linn Energy LLC
• EnCana Corp.
• Occidental Petroleum Corp.
• Enterprise Products Partners L.P.
• Anadarko Petroleum Corp.
• All Companies