Range Prices Common Stock Offering

Range Resources Corp. has priced a public offering of 7.0 million shares of its common stock at a price to the public of $36.28 per share, which was the last sales price reported on the NYSE Tuesday. All shares are being sold by Range.

Range intends to use the net proceeds from the offering to fund acquisitions. Pending such use, the funds will be used to pay down a portion of the outstanding balance of Range's senior credit facility. Range also has granted the underwriters a 30-day option to purchase up to 1.05 million additional shares of its common stock solely to cover over-allotments, if any. Range expects the issuance, delivery and settlement of shares to occur on April 23, 2007.

The offering is being led by J.P. Morgan Securities Inc. and Credit Suisse Securities (USA) LLC as joint book-runners. Co-managers in the underwriting group are Deutsche Bank Securities Inc.; Friedman, Billings, Ramsey & Co., Inc.; Morgan Stanley & Co. Incorporated; Raymond James & Associates, Inc.; Johnson Rice & Company L.L.C.; KeyBanc Capital Markets Inc.; BMO Capital Markets Corp.; Calyon Securities (USA) Inc.; Fortis Securities LLC; Natexis Bleichroder Inc.; Pickering Energy Partners, Inc.; RBC Capital Markets Corporation; Simmons & Company International; and SunTrust Capital Markets, Inc.. A prospectus supplement related to the public offering is being filed with the Securities and Exchange Commission.

Range Resources Corp. is an independent oil and gas company operating in the Southwestern, Appalachian and Gulf Coast regions of the United States.


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