Range and EQT Complete Asset Exchange

  Range and EQT Complete Asset Exchange

Business Wire

PITTSBURGH -- June 16, 2014

EQT Corporation (NYSE: EQT) and Range Resources Corporation (NYSE: RRC) 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 inAppalachiaand the Midcontinent region
ofthe 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 inFort
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.

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 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 theSecurities and Exchange
Commission("SEC"), which are incorporated by reference.

Contact:

EQT Corporation
Analyst inquiries:
Patrick Kane, 412-553-7833
Chief Investor Relations Officer
pkane@eqt.com
or
Nate Tetlow, 412-553-5834
Manager, Investor Relations
ntetlow@eqt.com
or
Media inquiries:
Natalie Cox, 412-395-3941
Corporate Director, Communications
ncox@eqt.com
or
Range Resources Corporation
Investor Contacts:
Rodney Waller, 817-869-4258
Senior Vice President
rwaller@rangeresources.com
or
David Amend, 817-869-4266
Investor Relations Manager
damend@rangeresources.com
or
Laith Sando, 817-869-4267
Research Manager
lsando@rangeresources.com
or
Michael Freeman, 817-869-4264
Financial Analyst
mfreeman@rangeresources.com
or
Media Contact:
Matt Pitzarella, 724-873-3224
Director of Corporate Communications
mpitzarella@rangeresources.com
 
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