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Range Resources Corporation Announces Asset Sales

Vinson & Elkins advised Range Resources Corporation in the sale of a 2% proportionately reduced overriding royalty interest in 350,000 net surface acres in southwest Appalachia for gross proceeds totaling $600 million. The two separate transactions are effective as of March 1, 2019 and apply to existing and future Marcellus, Utica and Upper Devonian development on the subject leases, while excluding shallower and deeper horizons.

The V&E corporate team was led by partner Bryan Loocke with senior associate Tan Lu and associate Josh Rocha. Also advising were partners Tim Johnston and Todd Way.

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