Range Resources Corp.
Transaction Type
Sellers
Marketers
Post Date
Close Date
Estimated Price
0MM
Description
Range Resources Corp. has retained RBC Richardson Barr to market 9,238 net acres of oil and gas properties in Marshall, Johnson and Bryan counties, Oklahoma, in the Ardmore Basin Woodford shale.
Bids will be due Sept. 20, 2012.
The properties have 37 producing wells, both operated and non-operated and the potential to develop a substantial liquids-rich resource. Total proved reserves are 7.9 MM barrels of oil; 285.9 billion cubic feet of net gas and 42.6MM bbl of liquids.
The properties have net proven reserves of 98 MM barrels of oil equivalent (boe), with 9%PDP; 51% oil, and a net PV10 value of $681 million.