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Range pares back Permian exposure with EQT swap

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Report summary

On 30 April 2014 Range Resources announced that it had entered into an agreement with EQT Corporation to swap out its Permian assets located in Glasscock and Sterling counties Texas. In exchange Range will acquire an operated interest in acreage and related infrastructure in the Nora Field in Virginia resulting in Range gaining 100% ownership of the asset. Range will also receive from EQT a cash consideration of US$145 million.

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    Range pares back Permian exposure with EQT swap

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