Range and EQT Complete Asset Exchange

Range and EQT Complete Asset Exchange 
FORT WORTH, TX -- (Marketwired) -- 06/16/14 --  Range Resources
Corporation (NYSE: RRC) and EQT Corporation (NYSE: EQT) today
announced completion of the asset exchange that was announced in late
April 2014. In the transaction, EQT received approximately 73,000 net
acres and more than 900 producing wells in the Permian Basin of
Texas. Range received approximately 138,000 net acres and the
remaining interest in a supporting gathering system in the Nora Field
of Virginia, plus $145 million cash, less the normal post-closing
adjustments.  
RANGE RESOURCES CORPORATION is a leading independent oil and natural
gas producer with operations focused in Appalachia and the
Midcontinent 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 www.rangeresources.com 
About EQT Corporation:
 EQT Corporation is an integrated energy
company with emphasis on Appalachian area natural gas production,
gathering, and transmission. EQT is the general partner and
significant equity owner of EQT Midstream Partners, LP. With more
than 125 years of experience, EQT continues to be a leader in the use
of advanced horizontal drilling technology -- designed to minimize
the potential impact of drilling-related activities and reduce the
overall environmental footprint. Through safe and responsible
operations, the Company is committed to meeting the country's growing
demand for clean-burning energy, while continuing to provide a
rewarding workplace and enrich the communities where its employees
live and work. Company shares are traded on the New York Stock
Exchange as EQT.  
Visit EQT Corporation at www.EQT.com. 
Range Resources Cautionary Statements
 All statements, except for
statements of historical fact, made in this release regarding
activities, events or developments the Company expects, believes or
anticipates will or may occur in the future, such as those regarding
the final consummation of the transactions and satisfaction of the
required conditions to closing are forward-looking statements within
the meaning of Section 27A of the 
Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These statements are
based on assumptions and estimates that management believes are
reasonable based on currently available information; however,
management's assumptions and Range's future performance are subject
to a wide range of business risks and uncertainties and there is no
assurance that these goals and projections can or will be met. Any
number of factors could cause actual results to differ materially
from those in the forward-looking statements, including, but not
limited to, the volatility of oil and gas prices, the results of our
hedging transactions, the costs and results of drilling and
operations, the timing of production, mechanical and other inherent
risks associated with oil and gas production, weather, the
availability of drilling equipment, changes in interest rates,
litigation, uncertainties about reserve estimates, environmental
risks and regulatory changes. Range undertakes no obligation to
publicly update or revise any forward-looking statements. Further
information on risks and uncertainties is available in Range's
filings with the Securities and Exchange Commission ("SEC"), which
are incorporated by reference. 
EQT Cautionary Statements
 Disclosures in this press release contain
certain forward-looking statements. Statements that do not relate
strictly to historical or current facts are forward-looking. Without
limiting the generality of the foregoing, forward-looking statements
contained in this press release specifically include the expectations
of plans, strategies, and objectives of EQT and its affiliates. These
statements involve risks and uncertainties that could cause actual
results to differ materially from projected results. Accordingly,
investors should not place undue reliance on forward-looking
statements as a prediction of actual results. EQT has based these
forward-looking statements on current expectations and assumptions
about future events. While EQT considers these expectations and
assumptions to be reasonable, they are inherently subject to
significant business, economic, competitive, regulatory and other
risks and uncertainties, most of which are difficult to predict and
many of which are beyond EQT's control. The risks and uncertainties
that may affect the operations, performance and results of EQT's
business and forward-looking statements include, but are not limited
to, those set forth under Item 1A, "Risk Factors" of EQT's Form 10-K
for the year ended December 31, 2013, as updated by any subsequent
Form 10-Qs. 
Any forward-looking statement applies only as of the date on which
such statement is made and EQT does not intend to correct or update
any forward-looking statement, whether as a result of new
information, future events or otherwise.  
Range Investor Contacts:
Rodney Waller
Senior Vice President 
817-869-4258
rwaller@rangeresources.com  
David Amend
Investor Relations Manager 
817-869-4266
damend@rangeresources.com  
Laith Sando
Research Manager
817-869-4267
lsando@rangeresources.com  
Michael Freeman
Financial Analyst
817-869-4264
mfreeman@rangeresources.com  
Range Media Contact:
Matt Pitzarella
Director of Corporate Communications 
724-873-3224
mpitzarella@rangeresources.com  
EQT analyst inquiries please contact:
Patrick Kane
Chief Investor Relations Officer 
412.553.7833
pkane@eqt.com  
Nate Tetlow
Manager, Investor Relations
412.553.5834
ntetlow@eqt.com  
EQT media inquiries please contact:
Natalie Cox
Corporate Director, Communications 
412.395.3941
ncox@eqt.com 
 
 
Press spacebar to pause and continue. Press esc to stop.