Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 31, 2017

Summary of Preliminary Purchase Price Allocation

The following table sets forth our preliminary purchase price allocation (in thousands, except shares and stock price):

Purchase price:
Shares of Range common stock issued to Memorial stockholders		77,042,749
Range common stock price per share at September 15, 2016 (close)	$	39.37
Total purchase price	$	3,033,173

Plus fair value of liabilities assumed by Range:
Accounts payable	$	55,624
Other current liabilities		114,426
Long-term debt		1,204,449
Deferred taxes		547,348
Other long-term liabilities		77,223
Total purchase price plus liabilities assumed	$	5,032,243

Fair value of Memorial assets:
Cash and equivalents	$	7,180
Other current assets		97,875
Derivative instruments		152,994
Natural gas and oil properties:
Proved property		1,117,011
Unproved property		1,999,187
Other property and equipment		3,579
Goodwill ^(a)		1,654,292
Other		125
Total asset value	$	5,032,243

^(a)Goodwill will not be deductible for income tax purposes.

Summary of Pro Forma Financial Information

The pro forma condensed combined financial information is not necessarily indicative of the results that might have actually occurred had the MRD Merger taken place on January 1, 2015. In addition, the pro forma financial information below is not intended to be a projection of future results (in thousands, except per share amounts).


	Three Months Ended
		March 31, 2016
Revenues	$	448,933
Net loss	$	(74,616	)

Loss per share:
Basic	$	(0.31	)
Diluted	$	(0.31	)