One-Page Deal Sheet
Range Sells 2% ORRI in SW Appalachian Acreage for $600 Million
Franco-Nevada Corporation, Lime Rock Partners Range Resources Corp
Announced Date
July 19,2019
Effective Date
March 01,2019
Transaction Type
Royalty
Enterprise Value (EV)($MM)
600
Asset/Basin:
{"Appalachian Basin"}
TargetZones:
{"Marcellus Shale","
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
Play
Calculated Metrics( EV/Category)
Transaction Details: Require Private Equity Subscription
Range Resources has agreed to sell a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in SW Appalachia for gross proceeds totaling $600 million.
Shale Experts was told that the buyers were Lime Rock Resources and Franc-Nevada Corp.
Asset Details: Production: 1.9 Bcfe/d Sale applies to existing and future Marcellus, Utica and Upper Devonian development on the subject leases, while excluding shallower and deeper horizonsRange announced this deal in conjunction with another divestiture (Armstrong County, PA asset) worth $34 million. The company is using…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-24-2020 |
-  |
- |
Click here | Pennsylvania | E&P |
| Dec-19-2019 |
- |
- |
Click here | Ohio | E&P |
| Oct-21-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| May-23-2019 |
- |
- |
Click here | Michigan | E&P |
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