| Business Summary | | Range
Resources
Corporation
is
engaged
in
the
acquisition
and
development
of
oil
and
gas
properties,
primarily
in
the
Southwest,
Gulf
Coast
and
Appalachian
regions
of
the
United
States.
The
Company
pursues
development
drilling
and
exploitation
projects,
acquisitions
and,
to
a
lesser
extent,
exploration
of
its
extensive
acreage
position.
All
Appalachian
assets
are
held
through
a
50%
interest
in
a
joint
venture,
Great
Lakes
Energy
Partners
L.L.C.
Independent
Producer
Finance
is
a
wholly
owned
subsidiary
that
provides
financing
to
small
oil
and
gas
producers
through
the
purchase
of
overriding
royalty
interests.
Production
revenue
is
generated
through
the
sale
of
natural
gas,
crude
oil
and
natural
gas
liquids
from
properties
owned
directly
or
through
partnerships
and
joint
ventures.
The
Company
receives
additional
revenue
from
royalties.
The
Company
owns
488,000
gross
(219,000
net)
acres
of
undeveloped
leasehold. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | RRC
is
an
independent
oil
and
gas
company
operating
in
the
Southwest,
Gulf
Coast
and
Appalachian
regions
of
the
United
States.
For
the
six
months
ended
6/30/01,
revenues
increased
47%
to
$123.9
million.
Net
income
applicable
to
Common
before
extraordinary
items
totalled
$32.4
million,
up
from
$3.8
million.
Revenues
reflect
increases
in
oil
and
gas
prices,
and
interest
income.
Earnings
also
reflect
lower
interest
expenses,
and
decreased
depreciation
expenses
as
a
percentage
of
revenues. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas Edelman, 50 Chairman | $890K | John Pinkerton, 47 Pres,
CEO | 593K | Eddie LeBlanc III, 52 CFO,
Sr. VP | 260K | Terry Carter, 48 Exec.
VP, Exploration and Production | -- | Rodney Waller, 51 Sr.
VP, Corp. Sec. | 258K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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