RRC 📈 Range Resources - Overview

Range Resources Corp, listed on the New York Stock Exchange under the ticker symbol RRC, is a leading independent company focused on the exploration, development, and acquisition of natural gas, natural gas liquids (NGLs), crude oil, and condensate properties. The company's primary area of operation is the Appalachian region, a significant hub for natural gas production in the United States. This strategic location allows Range Resources to capitalize on the region's vast hydrocarbon resources, leveraging its expertise to extract and process these valuable commodities.

The company's business model is diversified across various revenue streams, including the sale of natural gas to a wide range of customers such as utilities, marketing and midstream companies, and industrial users. Additionally, Range Resources sells NGLs to petrochemical end users, marketers, traders, and natural gas processors, further expanding its market reach. Its oil and condensate products are sold to crude oil processors, transporters, and refining and marketing companies, ensuring a comprehensive approach to its hydrocarbon sales. This diversified customer base helps mitigate market risks and ensures a stable revenue flow.

With a history dating back to 1976, Range Resources has evolved significantly over the years. Initially known as Lomak Petroleum Inc., the company underwent a name change to Range Resources Corporation in August 1998, reflecting its expanded scope and capabilities in the energy sector. Headquartered in Fort Worth, Texas, the company operates with a strong foundation in the oil and gas industry, focusing on the exploration and production segment. Its common stock is listed under the ISIN US75281A1097, and it is classified under the GICS Sub Industry: Oil & Gas Exploration & Production, highlighting its core business activities.

Range Resources' official website, https://www.rangeresources.com, provides detailed information on its operations, financial performance, and corporate governance, offering transparency and insight into its business practices. As a key player in the oil and gas exploration and production sector, Range Resources Corp continues to navigate the complexities of the energy market, driven by its commitment to extracting and delivering vital energy resources to meet the demands of a growing global economy.