Range Announces Appalachian Overriding Royalty Sale for $300M
Vinson & Elkins advised Range Resources Corporation in its agreement to sell a proportionately reduced 1% overriding royalty in its Washington County, Pennsylvania leases for gross proceeds of $300 million.
Range Resources is a leading U.S. independent natural gas, NGL and oil producer with operations focused in stacked-pay projects in the Appalachian Basin and North Louisiana.
The V&E corporate team was led by partner Bryan Loocke with assistance from associates Cesar Leyva and Josh Rocha. Also advising were partner Todd Way, senior associate Julia Pashin and associate Megan James; and partner Larry Nettles.