Amended Current Report Filing (8-k/a)
October 29 2020 - 4:46PM
Edgar (US Regulatory)
true
0000315852
0000315852
2020-08-03
2020-08-03
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 29, 2020 (August 3, 2020)
RANGE RESOURCES CORPORATION
(Exact name of Registrant as Specified in Its Charter)
Delaware
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001-12209
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34-1312571
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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100 Throckmorton Street, Suite 1200
Fort Worth, Texas
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76102
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s Telephone Number, Including Area Code: (817) 870-2601
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading
Symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.01 par value
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RRC
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New York Stock Exchange
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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ITEM 2.05 Costs Associated with Exit or Disposal Activities
This amendment to the Form 8-K filed by Range Resources Corporation on August 4, 2020, is filed to include the valuation of our remaining obligations related to the sale of our North Louisiana assets.
On July 18, 2020, Range Resources Corporation (“Range”) signed a purchase and sale agreement to sell its North Louisiana assets. The sale transaction closed on August 14, 2020. Pursuant to the purchase and sale agreement, Range retained certain midstream gathering, transportation and processing obligations through 2030. Following the closing date, Range undertook a detailed accounting valuation process to determine the fair value of these obligations. Using a probability weighted discount cash flow model, Range subsequently determined the fair value of these remaining obligations to be $479.8 million as of the closing date.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RANGE RESOURCES CORPORATION
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By:
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/s/ Mark S. Scucchi
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Mark S. Scucchi
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Chief Financial Officer
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Date: October 29, 2020
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