Range Resources- A Leading Natural Gas and NGL Producer
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l would like to introduce some unfamiliar companies that may be of some help to your investments.
The company I'm going to introduce is $Range Resources Corporation (RRC)$.
lt went public on 26th March 1980.
[Company Profile]
Range Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties. As of December 31, 2021, the company owned and operated 1,350 net producing wells and approximately 794,000 net acres under lease located in the Appalachian region of the northeastern United States.
[History and Events]
1976: RRC was founded as Lomak Petroleum, based inH[artville, Ohio.
1980: RRC is reincorporated in Delaware and goes public.
1987: Stock is delisted from NASDAQ.
1996: RRC is listed on the New York Stock Exchange.
2006: RRC acquired Stroud Energy and its major position in theBarnett Shalefor $450 million.
2015: RRC sold its assets in the Nora Field in Virginia to EnerVest for $875 million.
2016: RRC acquired Memorial Resource Development for $4.2 billion in stock.
2020: RRC sold assets in northern Louisiana.
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