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Creating Sustainable Value for our Shareholders and Communities: 2018 Corporate Sustainability Report

A Letter to Our Stakeholders

Dear Range Shareholders, Governmental Leaders, Partners and Employees,

For more than 40 years, Range Resources Corporation has proudly focused on delivering energy solutions and value to our partners and shareholders. Our commitment to corporate sustainability guides our work each day, influencing every aspect of our operations from the boardroom to the well pad.

We don’t just do this because it makes good business sense, we do this because it’s the right thing to do.

From developing clean-burning natural gas using innovative technologies that further reduce and minimize methane emissions to supporting civic organizations that are important to our employees and the communities where we operate, we constantly challenge ourselves to do more.

Our core values – Performance, Innovation, Integrity and Transparency – guide us in the work we do every day as a natural gas industry leader. These values reflect how we operate as a company and are deeply rooted in our commitment to improving the communities where we work.

We take great pride in the progress we continue to make towards our sustainability goals, pioneering innovations that have helped shape new standards for shale development and becoming the first company to voluntarily disclose our fracturing fluid, and to achieve 100 percent reuse levels through our water recycling program, among many other industry-leading best practices that we continuously enhance.

Range has been at the forefront of the industry in emission reductions by using cutting-edge technologies and customized engineering solutions that enable us to effectively manage emissions while improving overall production. We have demonstrated leadership in our engagement of peers and partners across the supply chain and community to help achieve emissions reduction goals.

As a company, our commitment to doing things right is a challenge and goal embraced from the highest levels of the organization, including our Board of Directors, who evaluates performance in those areas on a quarterly basis. The entire Board of Directors reviews statistics and operational performance and discusses trends in data, issues to mitigate, opportunities for progress, as well as improvements and achievements.

We also rely on the support of our partners and key stakeholders to ensure that everything we do is conducted in a responsible manner that puts safety and community first.

Our collaborative approach delivers significant benefits to our employees, the communities where we operate, and the environment – all while seeking to deliver shareholder value.

While we’re proud of these important accomplishments, we recognize the importance of continuing to raise the bar at every opportunity. We fully appreciate the heightened focus and critical priorities among stakeholders to continuously challenge ourselves to be better. That’s particularly true as it relates to effectively managing emissions and water. We are a part of these communities and we hold our responsibility to safely produce sustainable natural gas in the highest regard.

Thank you for your interest in our commitments, performance and continued progress.

Sincerely,

Jeffrey L Ventura
Chief Executive Officer and President

Report Highlights


In leasing and royalty payments in Pennsylvania since 2006.

Range is actively working to achieve zero emissions across our operations.

Invested through our corporate giving program into nonprofit and civic organizations.

Range’s water sharing program is reusing 153% of its own and other operators water.

Reduction in the company’s leak ratio over the last three years.

The Sustainable Choice

Range established criteria that puts our environment and community first, using best-in-class technology to develop energy for consumers. Our natural gas is the sustainable choice.

Putting Safety First: A Goal of Zero

All aspects of our operations are evaluated for safety and risk management. We employ best practices for safety procedures to help maintain an efficient, secure working environment and regularly educate and train personnel and contractors.

Connections that Matter: Community Engagement

Range has created a series of public engagement opportunities, like Community Advisory Panels, to stay connected with nearly 150,000 residents, regularly sharing important updates and information about work we are doing in our operating areas.

Award-Winning Culture: Investing in Our Workforce

Range was named “Best Place To Work In Washington County” and won overall Best Business in Washington County, Pennsylvania during the Observer-Reporter Newspaper’s 2018 Best of the Best contest.

Supporting Conservation: Trusted Partner

Range collaborated with California University of Pennsylvania to create sustainable habitats for monarch butterflies and has partnered and been recognized by organizations like the National Wild Turkey Federation for habitat enhancement partnerships. Both efforts have been recognized by industry and conservation groups.

Philanthropist of the Year Award

Range was recognized by the Washington County Community Foundation (WCCF) for the launch of a first-of its kind “Good Neighbors Fund,” providing $200,000 in funding to the non-profit to assist local fire departments and emergency management services organizations.