re: anyone know
Yes, there is another company in the USA called Range Resources.(NYSE:RRC). I first came about them when googling for news about our beloved RRS. Check their website (www.rangereources.com).
Entirely different in size ( a lot bigger) and in the same field (oil and gas). Hence, I think if you had a co. competing for money in the global markets it makes sense to differentiate.
In my opinion is a very positive move, indicating management is getting ready for the international stage. Any others out there?
Following is a brief from their site: "Range Resources is an independent oil and gas company which operates in the Appalachian, Southwestern and Gulf Coast regions of the United States. The Company pursues a balanced growth strategy that targets exploitation of its sizeable inventory of lower risk development drilling locations with higher potential exploration projects and a complementary acquisition effort. Range seeks to manage risk in every aspect of its business while generating attractive returns.
The Company has a geographically diversified asset base. Proved reserves at December 31, 2004 totaled 1.18 Tcfe of natural gas equivalents. The reserves are 81% natural gas, 80% operated and have a reserve life index of 15 years. At year-end, the Company’s growing portfolio of exploration and drilling projects included nearly 5,300 proven development projects and 2.5 (2.1 net) million acres of leasehold. In 2004, 821% of production was replaced at an average cost of $1.20 per mcfe. Range’s common stock is listed on the New York Stock Exchange under the symbol “RRC.”
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
