5.21.13 UBS Final Presentation Range Resources

7/30/2019 5.21.13 UBS Final Presentation Range Resources

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May 21, 2013

UBS Global Oil & Gas Conference

Mike MiddlebrookVP Northern Marcellus Shale Division


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Forward-Looking Statements

Statements concerning well drilling and completion costs assume a development mode of operation; additionally, estimates of future capital expenditures,production volumes, reserve volumes, reserve values, resource potential, resource potential including future ethane extraction, number of development andexploration projects, finding costs, operating costs, overhead costs, cash flow, NPV10, EUR and earnings are forward-looking statements. Our forwardlooking statements, including those listed in the previous sentence are based on our assumptions concerning a number of unknown future factors including

commodity prices, recompletion and drilling results, lease operating expenses, administrative expenses, interest expense, financing costs, and other costsand estimates we believe are reasonable based on information currently available to us; however, our assumptions and the Companys future performanceare both subject to a wide range of risks including, the volatility of oil and gas prices, the results of our hedging transactions, the costs and results of drillingand operations, the timing of production, mechanical and other inherent risks associated with oil and gas production, weather, the availability of drillingequipment, changes in interest rates, litigation, uncertainties about reserve estimates, environmental risks and regulatory changes, and there is noassurance that our projected results, goals and financial projections can or will be met. This presentation includes certain non-GAAP financialmeasures. Reconciliation and calculation schedules for the non-GAAP financial measures can be found on our website at www.rangeresources.com.

The SEC permits oil and gas companies, in filings made with the SEC, to disclose proved reserves, which are estimates that geological and engineering datademonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions as well asthe option to disclose probable and possible reserves. Range has elected not to disclose the Companys probable and possible reserves in its filings with

the SEC. Range uses certain broader terms such as "resource potential," or "unproved resource potential, "upside" and EURs per well or otherdescriptions of volumes of resources potentially recoverable through additional drilling or recovery techniques that may include probable and possiblereserves as defined by the SEC's guidelines. Range has not attempted to distinguish probable and possible reserves from these broader classifications. TheSECs rules prohibit us from including in filings with the SEC these broader classifications of reserves. These estimates are by their nature more speculativethan estimates of proved, probable and possible reserves and accordingly are subject to substantially greater risk of being actually realized. Unprovedresource potential refers to Range's internal estimates of hydrocarbon quantities that may be potentially discovered through exploratory drilling or recoveredwith additional drilling or recovery techniques and have not been reviewed by independent engineers. Unproved resource potential does not constitutereserves within the meaning of the Society of Petroleum Engineer's Petroleum Resource Management System and does not include proved reserves. Areawide unproven, unrisked resource potential has not been fully risked by Range's management. EUR, or estimated ultimate recovery, refers to ourmanagements internal estimates of per well hydrocarbon quantities that may be potentially recovered from a hypothetical future well completed as aproducer in the area. These quantities do not necessarily constitute or represent reserves within the meaning of the Society of Petroleum EngineersPetroleum Resource Management System or the SECs oil and natural gas disclosure rules. Our management estimated these EURs based on our previous

operating experience in the given area and publicly available information relating to the operations of producers who are conducting operating in theseareas. Actual quantities that may be ultimately recovered from Range's interests will differ substantially. Factors affecting ultimate recovery include thescope of Range's drilling program, which will be directly affected by the availability of capital, drilling and production costs, commodity prices, availability ofdrilling services and equipment, drilling results, lease expirations, transportation constraints, regulatory approvals, field spacing rules, recoveries of gas inplace, length of horizontal laterals, actual drilling results, including geological and mechanical factors affecting recovery rates and other factors. Estimatesof resource potential may change significantly as development of our resource plays provides additional data. In addition, our production forecasts andexpectations for future periods are dependent upon many assumptions, including estimates of production decline rates from existing wells and theundertaking and outcome of future drilling activity, which may be affected by significant commodity price declines or drilling cost increases. Investors areurged to consider closely the disclosure in our most recent Annual Report on Form 10-K, available from our website at www.rangeresources.com or bywritten request to 100 Throckmorton Street, Suite 1200, Fort Worth, Texas 76102. You can also obtain this Form 10-K by calling the SEC at 1-800-SEC-0330.

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Range Resources Strategy

3

Focus on PER SHAREGROWTH of productionand reserves at top-quartile or better coststructure while high

grading the inventory

Maintain simple, strongfinancial position

Operate safely and be agood steward of theenvironment

Proven track record of performance

Marcellus Shale26 to 34 Tcfe resource potential

Upper Devonian Shale12 to 18 Tcfe resource potential

Utica Shale

MidcontinentMississippian, St. Louis, Cana Woodford, Granite Wash

7 to 11 Tcfe resource potential

West TexasCline Shale, Wolfberry

1.1 to 1.9 Tcfe resource potential

Nora AreaBerea, Big Lime, Huron Shale, CBM

2.6 to 3.2 Tcfe resource potential

Total Resource Potential48 to 68 Tcfe without Utica Shale


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4

Range Significant Growth Potential for Many Years 20%-25% line-of-sight production growth for many years

Cash flow growth is expected to outpace production growth

High rate of return, high growth, large scale assets

Low cost structure

Resource potential 7-10 times proved reserves

Excellent technical and support teams

Strong financial position


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Financial Position

Strong, Simple Balance Sheet

Bank debt, subordinated notes and common stock

No debt maturity until 2016 (bank) and 2019 (notes)

Available liquidity of $1.6 billion

Well Structured Bank Credit Facility

28 banks with no bank holding more than 9% of total

Current borrowing base of $2.0 billion; commitment amount of $1.75 billion Expect to maintain or improve BB/Ba2 corporate rating during growth

Solid Hedge Position

Range typically hedges a significant portion of upcoming 12 months ofproduction

For 2013, over 70% of production is hedged

For 2014, approximately 50% of production is hedged

Hedging in 2015 has started.

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Resilient Credit Metrics Driven by Low Cost Growth

6

Debt / EBITDAX Debt / Total Proved ($/mcfe)

Debt / Production ($/boepd) Debt / Proved Developed ($/mcfe)

Covenant

$0.10

$0.20

$0.30

$0.40

$0.50

$0.60

$0.70$0.80

$0.90

$1.00

2008 2009 2010 2011 2012 2012PF

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

2008 2009 2010 2011 2012 2012PF$0.70

$0.80

$0.90

$1.00

$1.10

$1.20

$1.30

$1.40

$1.50

2008 2009 2010 2011 2012 2012PF

Note: 2012PF calculations include pro forma adjustments for the ~$275mm pending Permian asset sale.

BB / Ba2 Peer Average for 2011



1.0x

1.5x

2.0x

2.5x

3.0x

3.5x

4.0x

4.5x

2008 2009 2010 2011 2012 2012PF


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0.4

0.6

0.8

1.0

1.2

1.4

1.6

1.8

2007 2008 2009 2010 2011 20125

10

15

20

25

30

35

40

2007 2008 2009 2010 2011 2012

Range is Focused on Per Share Growth, on a Debt-Adjusted Basis

Production/share debt adjusted Reserves/share debt adjusted

2012 increase of 29% 2012 increase of 22%

Production/share = annual production divided by debt-adjusted year-end diluted sharesoutstanding

Reserves/share = year-end proven reserves divided by debt-adjusted year-end diluted sharesoutstanding

7

Mcfe

Mcfe


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Ten Years of Double-Digit Production Growth

0

100

200

300

400

500

600

700

800

900

1000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013E

Mmcfe/d

Includes impact of acquisitions and asset sales

8

20%-25% Growth Projected for 2013


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Unit Costs Are a Key Focus

$/mcfe

(1) Three-year average of drill bit F&D costs, excluding acreage (2) Excludes non-cash stock compensation (3) Excludes retroactive payments for PA impact fee in 2012.

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2008 2009 2010 2011 2012

ReserveReplacement(1)

$1.64 $1.25 $0.83 $0.68 $0.67

LOE (2) $0.99 $0.82 $0.72 $0.60 $0.41

Prod. taxes $0.39 $0.20 $0.19 $0.14 $0.15(3)

G&A (2) $0.49 $0.51 $0.55 $0.56 $0.46

Interest $0.71 $0.74 $0.73 $0.69 $0.61

Trans. &Gathering

$0.08 $0.32 $0.40 $0.62 $0.70

Total $4.30 $3.84 $3.42 $3.29 $3.00

$-

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

$5.00

$0.00


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$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$18.00

$20.00Lease Operating Expense G&A Expense Interest Expense 3-year All-in F&D

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Source: Bank of America/Merrill Lynch 2012 E&P Full -Cycle Margin & Reserve Digest** Three-year reserve replacement cost not calculated due to negative reserve revisions.Note: LOE includes production taxes, gathering, & transportation; Interest includes preferred dividends and capitalized interest; and G&A expense excludes equity-based compensation

Range #1 Low Cost Producer in 2012

2012 Average

1st, 2nd, or 3rd in the Bank of America Study for Each of the Last 9 years

** ** **


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0.01.0

2.03.04.05.06.07.08.09.0

Ranges Reserve Base and Upside are Growing

Size = Resource PotentialPlacement = Proved Reserves

P

rovedReserves(Tcfe)

Moved 4.7 Tcfe of resource potential into proved reserves in last three years

Proved reserves have increased by 23% per year on a compounded basis

Resource potential was 7-10 times proved reserves at year-end

Improving capital efficiency

(1) Net unproved resource potential. Resource potential prior to 2009 was referred to as Emerging Plays.

(2) Proforma 3.5 Tcfe after Barnett sale.

(Tcfe) YE 2007 YE 2008 YE 2009 YE 2010 YE 2011 YE 2012

ProvedReserves

2.2 2.7 3.1 4.4(2) 5.1 6.5

ResourcePotential (1)

16.2 - 21.9 20.5 - 28.2 24.0 - 31.7 35 - 52 44 - 60 48-68

11

21.928.2 31.7

52.060.0

68.0


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Northeast145,000 net acres

~ 69% HBP

Southwest

540,000 net acres(2)~ 51% HBP

Northwest315,000 net acres(1)

~ 89% HBP

GreaterPittsburgh

~1 Million Net Acres Prospective for Shale in PA

Note: Townships where Range holds ~3,000+ acres are shown in yellow (As of 12/31/2012)(1) Approximately 150,000 acres prospective for Marcellus; ~181,000 acres prospective for wet Utica (2) Extends partially into WV

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GreaterPittsburgh

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Southwest PARanges 540,000 Net Acres are Highly Prospective

Approximately 1,650wells likely havedefined the productivelimits of the Marcellus(1,150 horizontal & 500vertical)

Ranges acreageappears highlyprospective forMarcellus

Range tested the

discovery well for theMarcellus in 2004 andfirst production beganin 2005Greene Fayette

Allegheny

BeaverButler

Somerset

Westmoreland

ArmstrongIndiana

Washington

Note: Townships where Range holds ~3,000 or more acres are shown in yellow

Blue dots represent historical Marcellus wells


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Small Percentage of Acreage Drilled

Prospective acreage 540,000

Assumed spacing 80 acres

Potential Marcellus Shale locations 6,750

Producing horizontal wells ~430

Drilled wells divided by potential locations ~6%

Southwest PA Large Upside Potential

~500 Mmcfe/d net being produced from ~6%of Ranges acreage in SW PA


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Dry Gas210,000 acres

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Over 200 wells placed onproduction in wet gas areaover the last four years with

varying lateral lengths andfrac stages

As of the end of 2012, Rangehas placed 62 wells onproduction with an averagelateral length of 3,200 feet and

13 frac stages

With planned full ethaneextraction, the average EUR =8.7 Bcfe

712 Mbbls (27 Mbblscondensate and 685 Mbbls

NGLs) and 4.4 Bcf

For 2013, Range plans to drill3,200 feet laterals with 13 fracstages as its typical well.

Economics are based on atypical well.

Southwest PA Wet Marcellus

WV

Houston Plant

Majorsville Plant

Greene

Super-Rich110,000 acres

Wet Gas220,000 acres

Note: Townships where Range holds ~3,000+ acres are shown in yellow Drilled well

SW PA W M ll


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SW PA Wet MarcellusProjected Development Mode Economics

Southwestern PA (wet gas case) with

Pennsylvania State Impact Fee

EUR 712 Mbbls & 4.4 Bcf (8.7 Bcfe) Drill and Complete Capital $4.9MM

F&D $ 0.66/mcfe

0%

20%

40%

60%

80%

100%

120%

$3.00 $4.00 $5.00

Gas Price, $/Mmbtu NYMEX

IRR(1)(2)(3)

(1) Includes gathering, pipeline and processing costs(2) Oil price assumed to be $90.00/bbl with no escalation(3) NGL price (except for ethane) assumed to be 52% of WTI(4) Ethane price tied to ethane contracts plus gas price escalation(5) Strip dated 03/28/13 with 10 year average $86.86/bbl and $4.79/mcf

Strip pricing NPV10 = $11.1 MM

NYMEX Gas

Price 8.7 Bcfe

Strip(4)(5) - 85%

$3.00 - 56%

$4.00 - 77%

$5.00 - 101%

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Reserves and economics based onplanned 2013 activity of 3,200 footlateral length with 13 frac stages


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17

WV

Houston Plant

Majorsville Plant

Greene

Super-Rich

110,000 acresWet Gas

220,000 acres

Dry Gas210,000 acres

Southwest PA Super-Rich Marcellus

Note: Townships where Range holds ~3,000+ acres are shown in yellow Drilled well

Range plans to add more fracstages to wells drilled in thesuper-rich area in 2013

As of the end of 2012, Rangehas turned to sales 51 super-rich wells with an averagelateral length of 3,895 feet and15 frac stages

Historical 2012 results withfull ethane extraction indicatean average EUR = 1.32 Mmboe

754 Mbbls (104 Mbblscondensate and 650Mbbls NGLs) and 3.4 Bcf

2013 activity with planned fullethane extraction and 18stages have projected EUR =1.44 Mmboe

824 Mbbls (109 Mbblscondensate and 715Mbbls NGLs) and 3.7 Bcf

SW PA S Ri h A M ll


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SW PA Super-Rich Area MarcellusProjected Development Mode Economics

Southwestern PA (High BTU case) with

Pennsylvania State Impact Fee

EUR 824 Mbbls & 3.7 Bcf (1.44Mmboe)

Drill and Complete Capital $5.1 MM

F&D $ 4.16/boe

40%

60%

80%

100%

120%

$3.00 $4.00 $5.00


IRR(1)(2)(3)

(1) Includes gathering, pipeline and processing costs(2) Oil price assumed to be $90.00/bbl with no escalation(3) NGL price (except for ethane) assumed to be 52% of WTI(4) Ethane price tied to ethane contracts plus same comparable escalation as gas price(5) Strip dated 03/28/13 with 10 year average $86.86/bbl and $4.79/mcf


NYMEX GasPrice 8.6 Bcfe

Strip(4)(5) - 97%

$3.00 - 71%

$4.00 - 88%

$5.00 - 105%

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Reserves and economics based onplanned 2013 activity of ~3,800 foot

lateral length with 18 frac stages


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Marcellus Wet Gas Provides Significant Price Uplift

$4.16 $3.92$3.20 $3.20

$1.53

$1.53 $1.53

$2.09

$0.00

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

$7.00

$8.00

Dry Gas Wet Gas - 43% WTI Wet Gas - 43% WTI Wet Gas - 50% WTI

Gas

(1140 Btu)14% shrink

Condensate

NGLs

(C3+)

Gas


Condensate

NGLs

(C2+)

$7.54$7.80- $7.90

$3.07 -$3.17

Gas

(1040 Btu)

$4.16

$/Wellhead Mcf

Assumptions: $4.00 NG, $90.00 WTI, 43% WTI, 2.27 GPM (ethane rejection), 5.60 GPM (ethane extraction), all processing, shrink, fuel & ethane transport included. Based onSWPA wet gas quality (1275 processing plant inlet btu). Wet Gas (Projected) based on full utilization of current ethane / propane agreements.

$8.15 - $8.25

$3.42 -$3.52

Gas


Condensate

NGLs

(C2+)

Current ethane rejection Projected ethane extraction

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Mariner West

ATEX

Mariner East

Innovative NGL Marketing

Mariner East & West haveaccess to international

markets and premium export

pricing for future contracts

ATEX gives access to largestethane market and storage in

the U.S. and allows foroperational flow

All of the markets are scalable

Existing Contractual Agreements:

Mariner West 15,000 bbl/d of ethane

ATEX 20,000 bbl/d of ethane

Mariner East 20,000 bbl/d of ethane

20,000 bbl/d of propane

Ties to northeast markets

Both propane and ethane

Allows for international export

With existing ethane arrangements and minimum

ethane extraction to meet pipeline quality, Rangecan grow wet Marcellus alone to 1.8 Bcf/d

Ethane export toCanada 2013

Ethane/Propane can betied into NE markets or beexported internationally

2013/2015

Ethane pipeline toMont Belvieu markets

2014


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21

Ethane Ship Currently Being Used by Evergas

Photo Courtesy of Evergas


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Red dots represent a 10+ Bcf well Purple dots represent a 5-10 Bcf well

22

Southwest PA Industry Activity in Dry Gas Acreage

GreaterPittsburgh

Range has ~210,000 netacres in the dry gas window

53% of horizontal dry gasMarcellus wells drilled byindustry in SW PA haveprojected recoveries from 5to over 20 Bcf per well

Ranges SW Pennsylvania

dry gas acreage ispredominantly held byproduction

Ranges dry gas acreage

position can providesignificant production

growth

Additional pipeline projectexpansions are planned inthe area

Note: Townships where Range holds ~3,000 or more acres are shown in yellow

Greene Fayette

Beaver

Butler

Somerset

Westmoreland

Armstrong Indiana

Washington

210,000 netacres

SW PA Dry Gas Marcellus


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SW PA Dry Gas MarcellusDevelopment Mode Economics

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Southwestern PA (dry gas) withPennsylvania State Impact Fee

EUR 7.5 Bcf (Based on 16 wells

completed in 2012)

Drill and Complete Capital $4.5 MM

F&D $ 0.74/mcf (7.5 Bcf)

0%

20%

40%

60%

80%

100%

$3.00 $4.00 $5.00


I

RR(1)(2)(3)

2,900 lateral length & 10 stages

(1) Includes gathering, pipeline and processing costs(2) Oil price assumed to be $90.00/bbl in all scenarios(3) Strip dated 03/28/13 with 10 year average $86.86/bbl and $4.79/mcf


NYMEXGas Price 7.5 BCF

Strip(3) - 57%

$3.00 - 23%

$4.00 - 50%

$5.00 - 88%

Future drilling is expected to havelonger laterals and more stages


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Additional Upside

- Significant acreage positions in two areasSW PA dry gas

NW PA wet gas

First well tested at 1.4 Mmcfe/d

Results indicate well located in wetgas window

Approximately 25 industry wells

planned in 20132013 plans observe & study industryactivity as acreage is largely HBP

- First three wells encouraging

- 100,000 acres prospective- Approximately 50 industry wells

planned in 2013

- 2013 plans observe & study industry activityas acreage is largely HBP

- Ranges first four wells successful- Latest well 24 hour test rate

10.0 Mmcfe/d composed of

4.0 Mmcf/d gas

172 bbls condensate

826 bbls NGLs

- Industry has drilled ~20 successful wells

- 6 verticals completed in 2012. Average IP 513Boe/d

(262 Boe/day + 133 Boe/d NGLs + 977 Mcf/d)

- Expected development on 20 acre spacing

- Five wells planned for 2013

Utica/Point Pleasant

Cline Shale

Upper Devonian

Wolfberry


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25

Oklahoma/Kansas - Horizontal Mississippian

Over 4,500 Mississippianwells have defined theproductive limits

On 80 acre spacing (4,000 foot

laterals) Range has theopportunity to drill ~2,000potential horizontal wells

Mississippian could equate toalmost a billion barrelequivalent field net for Range

Highest average cumulativeoil production from verticalwells are located in KayCounty; Cowley & Sumnercounties are also high

Blue dots represent historic vertical Mississippian wells

Note: Sections where Range has acreage are shown in yellow, and average cumulative oil production per vertical well shown in maroon text

Ranges ~160,000 netacres appear prospective

based on vertical wellcontrol

*Internal estimates indicate 64 MBO cumulative production for Cowley County wells. Based on data from 598 wells with first production prior to 12/31/1985.

64 MBO*

67 MBO

27 MBO

24 MBO 53 MBO

85 MBO

57 MBO

16 MBO

l l d


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0%

20%

40%

60%

80%

100%

120%

140%

160%

$80.00 $90.00 $100.00

Horizontal Mississippian Development Mode Economics

Based on 25 wells (2009-2012)

EUR 485 Mboe (2009-2011 wells)

600 Mboe (2012 wells)

Drill & Complete Capital $3.4 MM

All cases include $200 M for SWD

F&D$ 8.91/boe (485 Mboe)

$ 7.27/boe (600 Mboe)

Oil Price, $/bbl NYMEX

IRR(1)(2)(3)

NYMEX 485 Mboe 600 Mboe

Oil Price (2009-2011) (2012)

Strip(2) - 91% 133%

$ 80.00 - 65% 96%

$ 90.00 - 81% 118%

$100.00 - 98% 142%

(1) Includes gathering, pipeline and processing costs(2) Strip dated 03/28/13 with 10 year average $86.86/bbl and $4.79/mcf(3) Gas price assumed to be $4.00/mcf in all scenarios

Strip Pricing NPV10 = $4.8 MM (485 Mboe)

Strip Pricing NPV10 = $7.5 MM (600 Mboe)

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N M k I i D d f N l G


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New Markets Increasing Demand for Natural Gas

Power Generation Sector Utilities using more gas versus coal due to an increasingly reliable supply, environmental advantages

and cost Per EIA, 2012 natural gas used for power generation in the U.S. increased by 4.3 Bcf/day compared to

2011, representing 6% of current U.S natural gas demand The EIA estimates that natural gas fired power plants will supply 46% of all new power plant additions

through 2035- compared to 37% for renewables, 12% for coal and 3% for nuclear

Petrochemical Due to the large price difference in naptha (oil-based) versus ethane (gas-based), U.S. international

petrochemical companies are converting their feedstocks from naptha to ethane. A study from the American Chemistry Council titled, Shale Gas and New Petrochemicals Investment,

estimates investment of $16.2 billion in petrochemical plants & equipment over the next several years

Natural Gas Expor ts In just a few years, the outlook has changed from the U.S. being a net importer of natural gas to

becoming a net exporter A Department of Energy Study in December 2012 concluded that natural gas exports would be

beneficial for the U.S. under any pricing scenario. Across all these scenarios, the U.S. was projected

to gain net economic benefits from allowing LNG exports Current proposed and announced export projects total 27 Bcf/day

Transpor tation Sector With natural gas vehicles (NGVs) being 25% cleaner, fuel costs 50% less and new refueling stations

being added across the U.S., the number of U.S. NGVs is expected to increase significantly Fleet managers at AT&T, UPS, and Waste Management are converting all or parts of their fleets to

natural gas as are transit agencies, municipalities and state governments The three largest U.S. truck manufacturers are now producing dual-fuel CNG trucks.

In 2012, Range purchased a total of approximately 150 CNG trucks for its own corporate fleet.

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E i H l h d S f A C V l R
http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=mcmiiiOgHAEF4M&tbnid=WVY-g2EP66_sdM:&ved=0CAUQjRw&url=http://www.alpiq.com/what-we-offer/energy-services/plant-engineering/construction-of-chemical-and-petrochemical-plants/chemical-petrochemical-plants.jsp&ei=MCpCUcuCC8rk2QWHvIDYAg&bvm=bv.43287494,d.dmg&psig=AFQjCNG5ku-lcvLm7KijRf6pVTo8XnsIwg&ust=1363377014505323http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=mcmiiiOgHAEF4M&tbnid=WVY-g2EP66_sdM:&ved=0CAUQjRw&url=http://www.alpiq.com/what-we-offer/energy-services/plant-engineering/construction-of-chemical-and-petrochemical-plants/chemical-petrochemical-plants.jsp&ei=MCpCUcuCC8rk2QWHvIDYAg&bvm=bv.43287494,d.dmg&psig=AFQjCNG5ku-lcvLm7KijRf6pVTo8XnsIwg&ust=1363377014505323http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=Xv88QCJaWYsYbM&tbnid=xJ5Ss4BonDyLeM:&ved=0CAUQjRw&url=http://www.turbosquid.com/3d-models/3d-model-lng-tanker-galea/556572&ei=cylCUbmiCPHW2wWsuYHwDQ&bvm=bv.43287494,d.dmg&psig=AFQjCNGTghuptx5CPirAJ_9M0DKPW3FRJg&ust=1363376882096025http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=Xv88QCJaWYsYbM&tbnid=xJ5Ss4BonDyLeM:&ved=0CAUQjRw&url=http://www.turbosquid.com/3d-models/3d-model-lng-tanker-galea/556572&ei=cylCUbmiCPHW2wWsuYHwDQ&bvm=bv.43287494,d.dmg&psig=AFQjCNGTghuptx5CPirAJ_9M0DKPW3FRJg&ust=1363376882096025http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=Xv88QCJaWYsYbM&tbnid=xJ5Ss4BonDyLeM:&ved=0CAUQjRw&url=http://www.turbosquid.com/3d-models/3d-model-lng-tanker-galea/556572&ei=cylCUbmiCPHW2wWsuYHwDQ&bvm=bv.43287494,d.dmg&psig=AFQjCNGTghuptx5CPirAJ_9M0DKPW3FRJg&ust=1363376882096025http://www.google.com/url?sa=i&rct=j&q=&esrc=s&frm=1&source=images&cd=&cad=rja&docid=mcmiiiOgHAEF4M&tbnid=WVY-g2EP66_sdM:&ved=0CAUQjRw&url=http://www.alpiq.com/what-we-offer/energy-services/plant-engineering/construction-of-chemical-and-petrochemical-plants/chemical-petrochemical-plants.jsp&ei=MCpCUcuCC8rk2QWHvIDYAg&bvm=bv.43287494,d.dmg&psig=AFQjCNG5ku-lcvLm7KijRf6pVTo8XnsIwg&ust=1363377014505323


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Environmental, Health and Safety issues can affect many aspects of our business. Rangefeels a deep responsibility to protect our employees, contractors, the public and the

environment. It is held as a core value.

Examples where Range has been a leader

In 2008, Range recommended improved standards for well cementing and casing tothe DEP that are now being widely used.

In 2009, Range announced 100% water recycling in the Marcellus.

In 2010, Range was the first company to voluntarily disclose hydraulic fracturing fluid

contents. In 2011, Ranges zero vapor protocol and emission reduction and elimination program

was shared with the industry and regulators.

Range provides training to its employees to create a culture of safe performance andregulatory compliance. Our Contractor Management protocol requires that work beperformed at its highest standard.

Range remains active in incident management and response planning by working withlocal community government and first responders to identify roles and responsibilities fora robust unified management approach to unique situations.

Ranges goal is to maintain a safe and secure working environment for our employees and

communities in which we work.

Environment, Health and Safety - A Core Value at Range

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R Si ifi G h P i l f M Y


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Range Significant Growth Potential for Many Years

20%-25% line-of-sight production growth formany years

Cash flow growth is expected to outpace

production growth

High rate of return, high growth, large scaleassets

Resource potential 7-10 times proved reserves

C t t I f ti


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Contact Information

Range Resources Corporation

100 Throckmorton, Suite 1200

Fort Worth, Texas 76102

Main: 817.870.2601

Fax: 817.870.2316

Rodney Waller, Senior Vice President

[email protected]

David Amend, Investor Relations Manager

[email protected]

Laith Sando, Research Manager

[email protected]

Michael Freeman, Financial Analyst

[email protected]

www.rangeresources.com

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5.21.13 UBS Final Presentation Range Resources

Documents

Transcript of 5.21.13 UBS Final Presentation Range Resources