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Range Resources company logo
Corporation
ENERGY & UTILITIES | Oil & Gas Production & Exploration
rangeresources.com

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Partners & Customers

2

About Range Resources

Range Resources (NYSE: RRC) is an independent oil and natural gas producer with operations focused in stacked-pay projects in the Appalachian Basin. The company was founded in 1976 and is based in Fort Worth, Texas.

Range Resources Headquarters Location

100 Throckmorton St Suite 1200

Fort Worth, Texas, 76102,

United States

817-870-2601

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Latest Range Resources News

Global Natural Gas Liquids Market Report to 2030 - Opportunity Analysis and Industry Forecasts

Sep 21, 2022

The global Natural gas liquid market was valued at $16.9 billion in 2020, and is projected to reach $28.5 billion by 2030, growing at a CAGR of 5.4% from 2020 to 2030. Natural Gas Liquids (NGLs) are those hydrocarbons in natural gas that are separated from the gas as liquids through various processes and the products thus obtained are majorly ethane, propane, butanes, pentane and pentane plus. These products can be used for heat, in cooking, as an energy source, laundry dryers, portable stoves, and in motor vehicles. In addition, Natural gas liquids are the heavier hydrocarbons separated from raw natural gas to maintain the dew point and heating value of the finished products. The natural gas liquids (NGL) yield a source of revenue and are often sold separately like lighter NGL fractions (ethane, propane and butane) as refinery feedstock and heavier HCs as gasoline-blends. The key factors responsible for driving natural gas liquids markets are increasing demand in petrochemical plants; increasing demand in refineries, high demand from industrial and residential consumers. Some of the other factors responsible for driving this market are developments in natural gas business; increasing utilization of associated gas; traditional dry gas, is being replaced by wetter non-associated gas in some countries. Restraining factors to this market are lack of infrastructure to handle NGLs, tough competition from other energy producing products such as methane gas, bio gas, and many more. The rapid growth of NGL production has also outpaced the development of supporting infrastructure. NGLs are expensive to transport and handle-requiring high pressures and low temperatures to keep them in a liquid state for shipment. A network of processing plants and distribution methods is necessary to move NGLs from well to market. Moreover, the surplus of NGLs brought upon by domestic production growth is increasing the need for infrastructure to aid in the exportation of NGLs internationally and the storage of NGLs domestically. The opportunity lies in developing the infrastructure for NGLs. The global natural gas liquids market is segmented on the basis of product and application. By product, it is classified as ethane, propane, isobutene and natural gasoline. By application, it is categorized as industrial, residential, and commercial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players profiled in this report include BP P.L.C., Chevron Corporation, ConocoPhillips Company, Devon Energy Corporation, Exxon Mobil Corporation, Lukoil, Occidental Petroleum Corporation, Range Resources Corporation, Saudi Arabian Oil Co. and Shell Plc. Key Benefits For Stakeholders This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the natural gas liquids market analysis from 2020 to 2030 to identify the prevailing natural gas liquids market opportunities. The market research is offered along with information related to key drivers, restraints, and opportunities. Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. In-depth analysis of the natural gas liquids market segmentation assists to determine the prevailing market opportunities. Major countries in each region are mapped according to their revenue contribution to the global market. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. The report includes the analysis of the regional as well as global natural gas liquids market trends, key players, market segments, application areas, and market growth strategies. Key Topics Covered: CHAPTER 4: NATURAL GAS LIQUIDS MARKET, BY PRODUCT 4.1 Overview 4.2 Ethane 4.2.2 Market size and forecast, by region 4.2.3 Market analysis by country 4.3 Propane 4.3.2 Market size and forecast, by region 4.3.3 Market analysis by country 4.4 Isobutene 4.4.2 Market size and forecast, by region 4.4.3 Market analysis by country 4.5 Natural Gasoline 4.5.2 Market size and forecast, by region 4.5.3 Market analysis by country CHAPTER 5: NATURAL GAS LIQUIDS MARKET, BY APPLICATION 5.1 Overview 5.2 Industrial 5.2.2 Market size and forecast, by region 5.2.3 Market analysis by country 5.3 Residential 5.3.2 Market size and forecast, by region 5.3.3 Market analysis by country 5.4 Commercial 5.4.2 Market size and forecast, by region 5.4.3 Market analysis by country CHAPTER 6: NATURAL GAS LIQUIDS MARKET, BY REGION CHAPTER 7: COMPANY LANDSCAPE

Range Resources Acquisitions

1 Acquisition

Range Resources acquired 1 company. Their latest acquisition was Memorial Resource Development on May 16, 2016.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/16/2016

$99M

Acq - P2P

1

Date

5/16/2016

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acq - P2P

Sources

1

Range Resources Partners & Customers

2 Partners and customers

Range Resources has 2 strategic partners and customers. Range Resources recently partnered with INEOS on January 1, 2013.

Date

Type

Business Partner

Country

News Snippet

Sources

1/23/2013

Partner

United Kingdom

INEOS Europe and Evergas enter into long-term shipping agreements

On 26th September 2012 , INEOS Europe announced that it had completed supply agreements with Range Resources for the lifting , of ethane from the Marcus Hook Facility from 2015 .

1

5/2/2011

Partner

Canada

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10

Date

1/23/2013

5/2/2011

Type

Partner

Partner

Business Partner

Country

United Kingdom

Canada

News Snippet

INEOS Europe and Evergas enter into long-term shipping agreements

On 26th September 2012 , INEOS Europe announced that it had completed supply agreements with Range Resources for the lifting , of ethane from the Marcus Hook Facility from 2015 .

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Sources

1

10

Range Resources Team

2 Team Members

Range Resources has 2 team members, including , .

Name

Work History

Title

Status

Thomas J Edelman

Patina Oil & Gas, Credit Suisse, and Lehman Brothers

Founder

Former

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Name

Thomas J Edelman

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Work History

Patina Oil & Gas, Credit Suisse, and Lehman Brothers

Title

Founder

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Status

Former

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