Range Resources Increases Unproved Resource Potential to 48–68 Tcfe

Range Resources

announced today that its estimated unrisked unproved resource potential (“unproved resource potential”) as of December 31, 2012 increased to 48 – 68 Tcfe, up from 47 – 66 Tcfe at year-end 2011. The year-end 2012 unproved resource potential includes 35 – 46 Tcf of natural gas and 2.3 – 3.5 billion barrels of NGLs and crude oil. Of the total year-end 2012 unproved resource potential, 54% is attributable to the Marcellus Shale with the remaining 46% attributable to other formations in Appalachia, the Midcontinent and West Texas. Range previously announced that its year-end 2012 proved reserves were 6.5 Tcfe. Based on the mid-point of the unproved resource potential, Range has the opportunity to grow its proved