UPDATE 1-Range Resources Q4 gas output volume up 13 pct

* Q4 production volume of 457 mmcfe a day

* Q4 volumes hedged at prices 4 pct lower than last year

Jan 26 (BestGrowthStock) – Range Resources Corp (RRC.N: ) said it saw
its fourth-quarter production volumes rose 13 percent from a
year earlier to 457 million cubic feet of natural gas
equivalent (mmcfe).

The independent oil and gas company said production for
2009 averaged 436 mmcfe per day, also a 13 percent rise from
last year.

Range said its preliminary fourth-quarter oil and gas price
realizations averaged $6.59 per thousand cubic feet equivalent,
down 4 percent from a year earlier.

For 2010, the company said it has hedged 69 percent of
anticipated gas production at an average floor price of $5.53
per thousand cubic feet.

Shares of the company closed at $49.88 Monday on the New
York Stock Exchange.

Stock Market Basics
(Reporting by Arundhati Ramanathan in Bangalore; Editing by
Mike Miller)

UPDATE 1-Range Resources Q4 gas output volume up 13 pct