Range Resources is an independent oil and gas company operating in the Southwestern, Appalachian and Gulf Coast regions of the United States. The Company pursues a growth strategy that targets exploitation of its sizeable inventory of lower risk development drilling opportunities including an increasing number of projects that target shale and coal bed methane resource projects. These development activities are combined with a complementary acquisition effort. Range’s 2007 year-end drilling inventory included more than 11,000 proven drilling projects, and its leasehold position totaled 3.4 (2.7 net) million acres. Proved reserves totaled 2.2 Tcfe, a 27% increase over the prior year. Range’s common stock is listed on the New York Stock Exchange under the symbol “RRC.”

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