Range Announces CNG Fleet Investment

  Range Announces CNG Fleet Investment

Business Wire

CANONSBURG, Pa. -- August 7, 2013

RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that the company’s
vehicle fleet is now being largely fueled by clean-burning compressed natural
gas (CNG).

Range officials were joined at its Southern Marcellus Shale Division offices,
located south of Pittsburgh, for an event attended by public- and
private-sector leaders as well as environmental and nonprofit organizations to
share ideas and discuss the numerous advantages of this abundant,
clean-burning fuel. Range now has approximately 184 CNG vehicles in its
corporate fleet, with 100 serving its growing southwestern Pennsylvania

Commenting on the announcement, Ray Walker, Range’s Chief Operating Officer,
who has converted his personal vehicle to run on CNG, said, “Not only does
compressed natural gas provide our nation with a stronger, more balanced
energy portfolio, but it enhances our national security, our economy and our
environment. Both GM and Chrysler Group deserve a tremendous amount of credit
for providing natural gas-powered transportation options direct from the
factory, and we’re proud to have partnered with them on this exciting

Added Walker: “With demand growing for CNG vehicles, consumers, businesses of
all sizes and public transit authorities across the nation are realizing
enormous cost savings while improving air quality at the same time.”

The vehicle models purchased by Range are the Chevrolet Silverado 2500 and Ram
2500. In addition to the environmental benefits of driving vehicles with
significantly cleaner burning engines, the company estimates that the pay back
for the investment is approximately two years.

Range’s commercial fleet order of factory-engineered CNG vehicles is the
largest single order for both Chrysler Group and GM. Representatives from both
companies participated in today’s event, announcing this investment.

“Companies like Range Resources, who are transitioning to a natural gas fleet,
will be able to reduce operating costs and improve the environment by
switching to a cleaner burning fuel,” said Mark Karney, Alternative Fuels
Director, General Motors Fleet and Commercial. “We anticipate that demand for
CNG vehicles, including the bi-fuel Chevrolet Silverado and GMC Sierra, will
continue to grow as infrastructure expands and as a broader array of vehicles
are offered.”

“Chrysler Group appreciates the interest and confidence that Range Resources
has shown in our Ram 2500 CNG pickup,” said Jim Sassorossi, Director of Fleet
Sales, Chrysler Group LLC. “Chrysler Group is the only manufacturer in North
America to offer a factory-built compressed natural gas-powered pickup truck.
With customers like Range Resources and the state of Oklahoma, which purchased
283 Ram CNG pickups earlier this year, Chrysler Group is encouraged with the
growing awareness in CNG-powered pickup trucks by commercial and government

“Range Resource is a natural gas company that is not only talking the talk,
but they are walking the walk,” said Rick Price, Executive Director of
Pittsburgh Region Clean Cities. “Range has almost 100 CNG vehicles in this
area that they are using in their daily activities and are able to take
advantage of the economics and environmental benefits of using compressed
natural gas as a transportation fuel.”


  *Progressive Policy Institute: “Natural Gas Vehicles: Driving America to a
    More Prosperous, Secure, and Sustainable Future: The economic,
    environmental, and energy security benefits [of CNG] are enormous.”
  *Associated Press: Natural gas vehicles making inroads; sales rising:
    “Cheap and plentiful" U.S. natural gas "an increasingly attractive option
    for truck companies and municipalities.”
  *The Economist: “American commercial vehicles already use a lot of natural
    gas. For several decades now, local-delivery vans, buses and rubbish
    collectors…have been switching to compressed natural gas (CNG) to lower
    fuel costs and to minimize their impact on the environment.”
  *Click here to view the U.S. Department of Energy's interactive Natural Gas
    Fueling Station Locations map.
  *Click here to learn more about the Pa. Department of Environmental
    Protection’s Natural Gas Vehicle Program.

RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading independent oil and
natural gas producer with operations focused in Appalachia and the southwest
region of the United States. The Company pursues an organic growth strategy
targeting high return, low-cost projects within its large inventory of low
risk, development drilling opportunities. The Company is headquartered in Fort
Worth, Texas. More information about Range can be found at
http://www.rangeresources.com/ and http://www.myrangeresources.com/.


Range Resources Corporation
Investor Contacts:
Rodney Waller, 817-869-4258
Senior Vice President
David Amend, 817-869-4266
Investor Relations Manager
Laith Sando, 817-869-4267
Research Manager
Michael Freeman, 817-869-4264
Financial Analyst
Media Contact:
Matt Pitzarella, 724-873-3224
Director of Corporate Communications
Press spacebar to pause and continue. Press esc to stop.