Range Generates Free Cash Flow During the Fourth Quarter
Range Resources’ fourth-quarter and full-year 2016 results were highlighted by a big jump in proven reserves and production, boosted by the company’s merger with Memorial Resource Development. Proven reserves came in at 12.1 trillion cubic feet equivalent, up 22% (11% excluding Memorial), with close to 300% of production replaced organically. Fourth-quarter production came in at 1,853 MMcfe/day, up 23% sequentially, as a result of a full quarter of Memorial’s contribution. Management’s 2017 outl...Range Resources is a holding company. Through its subsidiaries, the company is an independent natural gas, natural gas liquids and oil company, engaged in the exploration, development and acquisition of natural gas and oil properties, located in the Appalachian and North Louisiana regions of the United States, primarily in the Marcellus Shale in Pennsylvania and the Lower Cotton Valley formation in Louisiana.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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