M&A Deal Summary

Range Resources Acquires Memorial Resource Development

On May 16, 2016, Range Resources acquired oil/gas exploration company Memorial Resource Development for 4.4B USD

Acquisition Highlights
  • This is Range Resources’ 4th transaction in the Oil/Gas Exploration sector.
  • This is Range Resources’ largest (disclosed) transaction.
  • This is Range Resources’ 4th transaction in the United States.
  • This is Range Resources’ 4th transaction in Texas.

M&A Deal Summary
Date 2016-05-16
Target Memorial Resource Development
Sector Oil/Gas Exploration
Buyer(s) Range Resources
Deal Type Add-on Acquisition
Deal Value 4.4B USD
Advisor(s) Morgan Stanley
Barclays Investment Bank (Financial)
Vinson & Elkins
Akin Gump Strauss Hauer & Feld (Legal)

Target

Memorial Resource Development

Houston, Texas, United States
Memorial Resource Development Corp. is an independent natural gas and oil company focused on the exploitation, development, and acquisition of natural gas, NGL and oil properties in North Louisiana.

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Buyer(S) 1

Buyer

Range Resources

Fort Worth, Texas, United States
Category Company
Founded 1976
Sector Oil/Gas Exploration
Employees548
Revenue 2.6B USD (2023)
DESCRIPTION

Range Resources is an independent natural gas exploration company operating in the United States through subsidiaries in both the Southwestern and Appalachian regions of the country. Range Resources was founded in 1976 and is based in Fort Worth, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Oil/Gas Exploration) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Texas) 4 of 4
Country (United States) 4 of 4
Year (2016) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-20 Stroud Energy

Fort Worth, Texas, United States

Stroud Energy, Inc., a oil and gas exploration, production company.

Buy $450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-17 Range Resources - Terryville Upstream Assets

Fort Worth, Texas, United States

Range Resources Corp. - Terryville Upstream Assets has over 315,000 net acres of leasehold in East Texas and Northern Louisiana with total daily net production of nearly 500 MMcfe/d.

Sell -
Mergr

Product

Company

Legal