Range Resources Corporation (RRC) is a leading U.S-based independent natural gas, natural gas liquid (NGL) and oil company. The Fortune 500 company is a significant player in the energy sector, specializing in the exploration, development, and acquisition of natural gas and oil properties.
Founded in 1975 and headquartered in Fort Worth, Texas, Range Resources holds an impressive portfolio of assets. It operates primarily in the Appalachian and Midcontinent regions, with a significant presence in Pennsylvania, Oklahoma, and Texas. As of 2019, the company reportedly had 2.23 trillion cubic feet equivalent of proved natural gas, NGL, and oil reserves.
RRC's business strategy is grounded in responsible and sustainable resource development. It distinguishes itself with an unwavering commitment to safety, environment, and community relations. Besides producing natural gas and oil, the company also produces NGLs, which include ethane, propane, butane, isobutane, and natural gasoline. It also engages in the transportation and processing of gas and oil and the marketing of NGL.
Range Resources has built its reputation on operational efficiency and innovative practices in the energy industry. This is evident in its pioneering use of horizontal drilling technology and comprehensive investment in shale gas. RRC was among the first companies to explore and develop shale plays, making it a significant contributor to the shale revolution in the U.S.
In keeping with its commitment to sustainability, RRC emphasizes the reduction of emissions in its operations. The company employs various strategies to minimize environmental impact, including recycling and reuse of water, green completions, and reducing flaring activities. These efforts have led to marked improvements in the company’s environmental footprint.
Under the leadership of Jeff Ventura, the company's CEO, RRC has navigated the volatile energy landscape to establish itself as a reliable and sustainable energy provider. Despite industry challenges, Range Resources Corp continues to demonstrate resilience, and while continuously seeking to innovate and expand its operations, it remains committed to safety, environmental stewardiness, and the local communities in which it operates.
Range Resources Corp is publicly traded and listed on the New York Stock Exchange (NYSE) under the ticker symbol ‘RRC’. For the discerning investor, it offers an attractive opportunity to invest in a company at the forefront of America's energy independence.