One-Page Deal Sheet
Range Expands Barnett Shale Holdings
Range Resources Corp Not Disclosed
Announced Date
December 10,2007
Close Date
January 16,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
305
Asset/Basin:
{"Fort Worth Basin","Barnett Shale"}
TargetZones:
{"Barnett Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Country
United States
State
Texas
County
Tarrant ,Johnson ,Ellis ,Parker ,Hill
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
RANGE RESOURCES CORPORATION announced it is continuing to expand its Barnett Shale holdings in theFort WorthBasin. Range has entered into definitive agreements with a subsidiary of DTE Energy Co. (NYSE: DTE) and a private company to acquire producing and nonproducing Barnett Shale properties for $305 million. The transaction is expected to close in January 2008, at which time Range will assume operation of the properties.
The properties comprise approximately 14,000 net acres located in Tarrant,Denton, Johnson, Ellis, Parker and Hill counties, 73% of which is held by production. Current…
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