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Range Resources history
Range Resources company history timeline
In 1980 the company reorganized as a Delaware corporation, and a short time later made an initial public offering of stock, netting close to $3.4 million.
1980: The company is reincorporated in Delaware and goes public.
In 1981, the company's first full year since its reorganization, Lomak generated almost $9 million in revenues and posted net income of $185,000.
Pinkerton earned an M.B.A. at the University of Texas, then worked with Arthur Andersen for four years before joining Snyder Oil in 1981.
An extended period of depressed oil and gas prices had a crippling effect on Lomak starting in 1985.
Conditions for Lomak grew even worse in 1987 when it was forced to discontinue its activities in Michigan and Texas.
Acquisition of Lomak by Snyder Oil: 1988
Lomak's financial picture had improved enough that in early 1990 it was able to request relisting on the NASDAQ.
In 1992, headquarters was moved to Fort Worth, Texas, where Snyder Oil was located.
In 1996 Lomak, with $300 million in assets, moved from the NASDAQ to the New York Stock Exchange.
Ronca and Pinkerton became acquainted while attending a baseball game, then in February 1998 met again at a Credit Suisse First Boston conference held in Vail, Colorado.
With strong energy prices in 2000 Range Resources took great strides in improving its financial health.
In 2004, the company bought the 50% interest in the venture that it did not own for $290 million, including the assumption of debt.
In 2004, the company began operations in the Marcellus Shale in Pennsylvania.
In 2014, the company exchanged its assets in the Permian Basin with EQT for assets in the Nora Field in Virginia plus $145 million in cash.
In 2016, the company acquired Memorial Resource Development for $4.2 billion in stock.
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Range Resources competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Chesapeake Energy | 1989 | $11.7B | 1,300 | 22 |
| Continental Resources | 1967 | $9.5B | 1,201 | 39 |
| Denbury Resources | 1951 | $1.7B | 657 | - |
| Superior Energy Services | 1989 | $1.4B | 6,400 | 63 |
| Energy Transfer Solutions | 2003 | $8.5M | 75 | 5 |
| Chevron | 1879 | $146.5B | 44,679 | 409 |
| Alpha Metallurgical Resources | 2002 | $3.0B | 3,000 | - |
| Coterra Energy | 1989 | $5.5B | 483 | 37 |
| EQT | 1888 | $3.1B | 624 | 22 |
| SM Energy | 1908 | $2.7B | 503 | 8 |
Range Resources history FAQs
Zippia gives an in-depth look into the details of Range Resources, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Range Resources. The employee data is based on information from people who have self-reported their past or current employments at Range Resources. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Range Resources. The data presented on this page does not represent the view of Range Resources and its employees or that of Zippia.
Range Resources may also be known as or be related to Range Resources and Range Resources Corporation.