Range Commences Frac Stimulation Program at Russell Bevly

Range announced that the fracture stimulation program of the Russell-Bevly #1 well commenced on Sunday, February 13th, as equipment was moved in and set up at the well site, with the initial stage of the multi-stage stimulation program beginning early this week. Consistent with past fracture stimulations performed within the region, the Russell-Bevly #1 program is expected to yield greatly improved flow rates and recovery, which should significantly increase cash flow from the field.

The Company also confirms that the Ross 3H horizontal well in Texas (East Cotton Valley) is expected to spud later this month.