Range Resources Puts Louisiana, Some PA Assets Up for Sale

Range Resources turned in its fourth-quarter and full-year 2019 update on Friday. The company lost $1.72 billion last year, after losing $1.74 billion the year before. Ouch. The company is actively shopping its northern Louisiana shale assets hoping a sale will help reduce debt. You may recall Range bought out Memorial Resource Development Corp. (MRD) in a stock swap/debt assumption deal worth $4.4 billion back in 2016 (see Range Resources Buys Louisiana Driller in Deal Worth $4.4B).

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