Range Resources Corporation announced the execution of an agreement to exchange producing properties and other assets with EQT Corporation.

Range will transfer to EQT ownership of approximately 73,000 net acres and related assets in Glasscock and Sterling Counties, Texas comprising all of Range's Conger properties, which are largely held by production.

The Conger properties are currently producing approximately 28 Mmcfe per day with 62% being liquids primarily from the Cisco/Canyon. These Permian Basin properties have multiple horizontal and vertical stacked pay drilling opportunities in the Wolfcamp, Cline and Wolfberry horizons.

Tags: Range Resources Corporation