Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2016

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 on September 15, 2016 (close)	$	39.37
Total purchase price	$	3,033,173

Plus fair value of liabilities assumed by Range:
Accounts payable		54,905
Other current liabilities		96,734
Long-term debt		1,204,449
Deferred taxes		583,575
Other long-term liabilities		19,169
Total purchase price plus liabilities assumed	$	4,992,005

Fair value of Memorial assets:
Cash and equivalents	$	7,180
Other current assets		93,911
Derivative instruments		152,994
Oil and gas properties:
Proved property		1,096,035
Unproved property		2,007,200
Other property and equipment		3,579
Goodwill ^(a)		1,630,981
Other		125
Total asset value	$	4,992,005

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

Summary of Pro Forma Financial Information

The pro forma condensed combined financial information has been included for comparative purposes and is not necessarily indicative of the results that might have actually occurred had the Memorial 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 September 30,						Nine Months Ended September 30,
		2016			2015			2016			2015
Revenues	$	521,668		$	716,753		$	1,080,767		$	1,667,516
Net loss	$	(17,882	)	$	(223,154	)	$	(427,946	)	$	(268,433	)

Loss per share:
Basic	$	(0.07	)	$	(0.92	)	$	(1.75	)	$	(1.10	)
Diluted	$	(0.07	)	$	(0.92	)	$	(1.75	)	$	(1.10	)