Range Resources Will Benefit From Growing US LNG Demand Through the Decade

Range Resources focuses on the Marcellus Shale play in southwest Pennsylvania. Natural gas accounts for over two thirds of its production, but a portion of its acreage also yields natural gas liquids, which gives it indirect exposure to crude prices (NGLs are substitutes for certain refined oil products). Management can easily shift capital between the liquids-rich and dry gas portions of its acreage as needed.