Range Resources Makes Gulf of Mexico Discovery

Range Resources' initial well at West Cameron Block 45 reached a total measured depth of 16,444 feet and encountered 59 net feet of gas productive sand. Completion operations have begun and will include installation of a single well caisson surface facility and flow lines to the West Cameron 45 "A" platform located approximately 4,000 feet west of the well.

The operator, Stone Energy Corporation, anticipates that first production will be initiated by year-end 2002. Range was carried to casing point by a third party and has a 25% working interest (20% net revenue interest).