Acquisitions and Dispositions (Tables)

6 Months Ended

Jun. 30, 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		113,838
Long-term debt		1,204,449
Deferred taxes		548,542
Other long-term liabilities		77,223
Total purchase price plus liabilities assumed	$	5,032,849

Fair value of Memorial assets:
Cash and equivalents	$	7,180
Other current assets		101,763
Derivative instruments		152,994
Natural gas and oil properties:
Proved property		1,121,311
Unproved property		1,999,187
Other property and equipment		3,579
Goodwill ^(a)		1,646,710
Other		125
Total asset value	$	5,032,849

^(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, 2016. 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 June 30,			Six Months Ended June 30,
	2016			2016
Revenues	$	110,166		$	559,099
Net loss	$	(338,213	)	$	(412,921	)

Loss per share:
Basic	$	(1.39	)	$	(1.69	)
Diluted	$	(1.39	)	$	(1.69	)