Range Resources sold non-core oil properties in East Texas for $64 million to an undisclosed buyer. The properties include 99 shallow oil wells covering 5,600 net acres. Range did not own the leasehold rights to the deeper formations. The properties were producing ~700 BOPD. The sale was structured as a like-kind exchange.
In December, the company disclosed plans to divest East Texas assets in the Laura Lavelle and Gaston Fields in Houston and Trinity......
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