One-Page Deal Sheet
Range Resources Sells Woodford and Marcellus Assets
Not Disclosed Range Resources Corp
Announced Date
October 24,2012
Effective Date
July 01,2012
Close Date
November 01,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
135
Asset/Basin:
{"Ardmore Basin","Marcellus Shale"}
TargetZones:
{"Woodford Shale","M
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast,Mid-Continent
Country
United States
State
Pennsylvania
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Asset Sales –
Recently, Range has signed agreements to sell assets with estimated total sales proceeds of approximately $170 million. In the first half of the year, Range sold an additional $20 million of assets or $190 million to date. These assets consist primarily of our Ardmore Basin Woodford properties, scattered miscellaneous Marcellus acreage and other non-core assets.
These recent transactions are expected to close during the fourth quarter and are subject to customary closing conditions and purchase price adjustments. The Ardmore Woodford properties are comprised of 9,341 net acres…
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