Deal insight

Range Resources Corp acquires Memorial Resource Development

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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 contains

  • Document

    Range Resources Corp acquires Memorial Resource Development

    PDF 291.04 KB

Table of contents

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

Tables and charts

This report includes 7 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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