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A&D - Range sells additional SW Appalachia ORRI for $150MM - October 2019
Appalachia-focused Range Resources sold an additional 0.5% overriding royalty interest in its southwest Appalachian operations for $150 million. The ORRI covers 350,000 net surface acres with 1.94 Bcfe/d of Q3 production, equating to 1,750 net royalty acres with 9.79 MMcfe/d of royalty production. The deal, announced Oct. 21 after closing Sept. 30, brings Range’s divestiture proceeds over the past year to $1.1 billion, reducing debt to $3.18 billion. Enverus field intelligence has identified the......
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