Range Resources Corp (RRC)

History and Background

Range Resources Corporation was founded in 1976. Initially focused on exploration and production in the Appalachian Basin, it became a leader in shale gas development, particularly in the Marcellus Shale. Key milestones include pioneering horizontal drilling techniques and expanding its acreage position in the region.

Core Business Areas

• Exploration and Production (E&P): Range Resources focuses on the exploration, development, and acquisition of natural gas and oil properties, primarily within the Appalachian Basin.

Leadership and Structure

Jeff Ventura serves as the Chief Executive Officer. The company has a typical corporate structure with a board of directors overseeing management.

Key Offerings

• Natural Gas: Range Resources' primary product is natural gas extracted from shale formations. Market share data is difficult to pinpoint precisely for a single company, but Range is a major player in the Appalachian Basin gas production. Competitors include EQT Corporation and Antero Resources.
• Natural Gas Liquids (NGLs): The company also produces and sells NGLs, which are valuable byproducts of natural gas production. NGLs compete with other energy sources and chemical feedstocks. Competitors are similar to natural gas producers.

Industry Overview

The oil and gas industry is cyclical and heavily influenced by commodity prices, geopolitical events, and regulatory changes. Shale gas production has transformed the US energy landscape, increasing domestic supply.

Positioning

Range Resources is a leading independent natural gas producer in the Appalachian Basin, benefiting from its early mover advantage and extensive acreage. Its competitive advantages include low-cost production and access to major pipelines.

Total Addressable Market (TAM)

The global natural gas market is estimated to be worth trillions of dollars. Range Resources is positioned to capture a share of this TAM through its focus on efficient shale gas production.

Key Competitors

• EQT
• Antero Resources
• Southwestern Energy

Competitive Landscape

Range Resources competes with other natural gas producers based on production costs, reserves, and access to infrastructure. EQT Corporation is often considered the largest competitor in the Appalachian Basin.

Memorial Resource Development

• Year: 2016
• Acquisition Price (USD millions): 4400
• Strategic Rationale: Expanded Range Resources' position in the North Louisiana Haynesville Shale.

Historical Growth: Range Resources' historical growth has been tied to the development of shale gas resources in the Appalachian Basin.

Future Projections: Future projections for Range Resources depend on factors such as commodity prices, production costs, and regulatory changes. Analyst estimates would be required to provide specific figures.

Recent Initiatives: Recent initiatives include focusing on cost reduction, improving operational efficiency, and developing its acreage position.

Range Resources is a leading natural gas producer with a substantial presence in the Appalachian Basin. The company's low-cost production is a key strength, but it faces challenges from volatile commodity prices and environmental concerns. Strategic acquisitions and operational efficiency improvements are crucial for future growth, while closely monitoring regulatory changes is necessary.

Data Sources:

• Company Filings (SEC)
• Industry Reports
• Analyst Estimates

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Market share percentages are estimates. Financial data and projections are subject to change. Consult with a qualified financial advisor before making any investment decisions.