Range Resources plans share repurchasing, sells off more assets

Paul J. Gough
Range Resources plans share repurchasing, sells off more assets

Range Resources Corp. announced Monday it had sold off some of its assets and would take a portion of the proceeds from this and other asset sales to buy back $100 million shares. The asset sale totaled $150 million was a 0.5 percent overriding royalty interest in 350,000 net surface acres in Range's southwestern Pennsylvania natural gas production, similar to the three previous separate deals Range announced earlier this year. The buyer for the 0.5 percent overriding royalty interest wasn't announced.