Range Announces Marketing and Transportation Agreements

Range Announces Marketing and Transportation Agreements 
FORT WORTH, TX -- (Marketwired) -- 06/26/14 --   RANGE RESOURCES
CORPORATION (NYSE: RRC) announced today that it has signed additional
transportation and marketing agreements to support its future natural
gas and ethane production growth.  
Range has signed an agreement to act as a foundation shipper on the
ET Rover pipeline, a natural gas pipeline project of ET Rover
Pipeline, LLC, a subsidiary of Energy Transfer Partners (NYSE: ETP).
The project will provide Range the flexibility to move Pennsylvania
natural gas to Dawn, Ontario and south to the Gulf Coast. Range has
agreed to transport up to 400,000 Mmbtu per day for 20 years starting
in October 2017. The natural gas will be supplied directly from a
regional processing plant so there will be no additional
transportation charge to move this gas to these potentially premium
Range has also signed its first two LNG supply agreements subject to
commencement of the projects. The Company entered into an agreement
with an affiliate of Cheniere Energy, Inc (NYSE: LNG) to supply gas
to the Sabine Pass LNG terminal on the Gulf Coast. The Sabine Pass
facility is expected to commence service in late 2015. Range is
expected to supply gas to the facility for five years starting in
2017. Range also signed an agreement with another company to supply
natural gas to another LNG terminal for a term of ten years. Further,
Range is in active discussions with several major international
companies to supply natural gas to other LNG facilities. The Company
has existing firm capacity agreements to supply gas to these LNG
Range has also executed two additional fixed term ethane sales
agreements that are subject to successful project completion. The
first contract will potentially supply an affiliate of Sasol Ltd.
(NYSE: SSL) with 10,000 barrels of ethane per day for a multi-year
term. Range expects to utilize its ATEX transportation capacity to
supply the contract. Sasol anticipates reaching final investment
decision later this year on its proposed 1.5 million ton per annum
ethane cracker and derivatives complex near Lake Charles, Louisiana.
The second ethane agreement would supply ASCENT, the petrochemical
complex planned by the Odebrecht O
rganization in Parkersburg, West
Virginia. The ethane agreement commits Range to 5,000 barrels per day
for a term of 15 years. The ASCENT ethane will be supplied directly
from a regional processing plant, thus resulting in no additional
transportation fee to Range. These two deals combined provide Range a
revenue uplift as compared to leaving the ethane in the gas stream.
The agreement with ASCENT/Odebrecht Organization confirms Range's
commitment to the downstream economic development within the
Appalachian region where Range is a leader in the growth of this
Commenting, Jeff Ventura, Range's President and CEO, said "Range's
marketing team continues to expand our marketing capabilities for
natural gas and ethane. The Rover pipeline provides Range flexibility
in selling natural gas to high demand markets in Canada and the Gulf
Coast, while the LNG and ethane supply agreements further diversify
and strengthen our customer base with industry leading companies.
Importantly, these various contracts support our plan to grow
production by 20% to 25% for many years giving us base contracts in
place with leading companies in key areas that allow for possible
future expansion." 
RANGE RESOURCES CORPORATION (NYSE: RRC) 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 rangeresources.com.  
All statements, except for statements of historical fact, made in
this release such as expected premium markets, expected marketing
capabilities, expected high demand markets, expected customer base,
expected industry leading customers, expected production growth and
expected future expansion 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.
Investors are urged to consider closely the disclosure in our most
recent Annual Report on Form 10-K, available from our website at
www.rangeresources.com or by written request to 100 Throckmorton
Street, Suite 1200, Fort Worth, Texas 76102. You can also obtain this
Form 10-K by calling the SEC at 1-800-SEC-0330. 
Range Investor Contacts: 
Rodney Waller
Senior Vice President 
David Amend
Investor Relations Manager 
Laith Sando
Research Manager
Michael Freeman
Financial Analyst
Range Media Contact: 
Matt Pitzarella
Director of Corporate Communications 
Press spacebar to pause and continue. Press esc to stop.