Range Resources Releases Updated Corporate Sustainability Report

MiQ Certification Completed – Earning an “A” Grade

FORT WORTH, Texas, July 19, 2023 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) today published its 2022-2023 Corporate Sustainability Report. The latest report provides updates on topics significant to our stakeholders and an update on our emissions goals.

“Range, our board of directors and shareholders are closely aligned on our sustainability strategy. We are proud of the progress we continue to make against our sustainability goals, and we are grateful to our dedicated teams at Range for their significant contributions,” said Dennis Degner, Chief Executive Officer and President. “A commitment to being a responsible, transparent operator is core to Range and we remain confident in the resiliency and durability of the company, our people and our ability to generate long-term value.”

MiQ Certification

Range completed an audit against MiQ Standard v1.0, an independent framework for assessing methane emissions performance from the production of natural gas. This annual certification validates the Company’s commitment to managing, reducing, and accurately reporting methane emissions. The audit covered Range’s southwest Pennsylvania assets and received an “A” grade. The achievement reflects Range’s commitment to managing, reducing, and accurately reporting methane emissions from its operations and marks the next step toward the increased usage of certified natural gas.

High-Quality Carbon Offsets

As Range continues to make progress towards reducing overall GHG emissions, it has begun making investments in carbon credits to offset its low emissions intensity program. A key component of our initial contracting was partnering with C-Quest Capital, an award-winning global carbon project developer, to replace existing cooking stoves in sub-Saharan Africa with cleaner and more efficient cookstoves. The deployment of these cookstoves provides a variety of social and humanitarian benefits in addition to reducing carbon emissions.

Corporate Sustainability Report Highlights

Environmental Stewardship

• Continued progress towards stated goal of net zero Scope 1 and Scope 2 GHG Emissions by 2025 through continued GHG emissions reduction efforts, including the purchasing and contracting of carbon credits across a diverse set of high-quality projects
• Reduced methane emissions intensity by 67 percent since 2019
• Ranked second lowest in CO2e emissions intensity in a group of 11 peers as a result of investments in emissions management and advantageous position relative to other operating regions
• Recycled 142 percent of produced water and flowback volume through water reuse and sharing program

Corporate Governance