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6 Pages

Range Resources Corp acquires Memorial Resource Development


Range Resources Corp acquires Memorial Resource Development

Report summary

Since 2013, Range Resources has been paring down its non-Marcellus assets and increasingly focusing spending on that play. Although the company retains some Mid-Continent acreage, Range is very close to being a pure-play Appalachian shale producer. This merger reverses the trend of asset sales and gives Range a second operational core with access to premium Gulf Coast gas and NGL markets. Although Range has a large inventory of remaining drill locations in the Marcellus, a lack of takeaway options and persistent regional price differentials limit the company's ability to grow within cash flow. The Terryville assets will allow the company to benefit from expected gas price improvements which may not reach the northeast until after 2017.

What's included?

This report includes 1 file(s)

  • Range Resources Corp acquires Memorial Resource Development PDF - 291.04 KB 6 Pages, 7 Tables, 0 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
    • Range
    • Memorial Resource Development
  • Oil & gas pricing and assumptions

In this report there are 7 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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