2018 Corporate Sustainability Report 2 Range Resources 2018 Corporate Sustainability Report Table of Contents

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CREATING SUSTAINABLE VALUE FOR OUR SHAREHOLDERS AND COMMUNITIES: 2018 Corporate Sustainability Report 2 Range Resources 2018 Corporate Sustainability Report Table of Contents

04 A Letter to our Stakeholders

06 About Range Resources

08 Our Approach to CSR

09 Environmental Stewardship

17 Safe & Responsible Operations

19 Community Engagement

25 Economic Impact

27 Corporate Governance

28 Appendix

Range Resources 2018 Corporate Sustainability Report 3 01 A Letter to Our Stakeholders

Dear Range Shareholders, Governmental Leaders, Partners and Employees,

For more than 40 years, Range Resources Corporation has proudly focused on delivering energy solutions and value to our partners and shareholders. Our commitment to corporate sustainability guides our work each day, influencing every aspect of our operations from the boardroom to the well pad.

We don’t just do this because it makes good business sense, we do this because it’s the right thing to do.

From developing clean-burning natural gas using innovative technologies that further reduce and minimize methane emissions to supporting civic organizations that are important to our employees and the communities where we operate, we constantly challenge ourselves to do more.

Our core values – Performance, Innovation, Integrity and Transparency – guide us in the work we do every day as a natural gas industry leader. These values reflect how we operate as a company and are deeply rooted in our commitment to improving the communities where we work.

We take great pride in the progress we continue to make towards our sustainability goals, pioneering innovations that have helped shape new standards for shale development and becoming the first company to voluntarily disclose our fracturing fluid, and to achieve 100 percent reuse levels through our water recycling program, among many other industry-leading best practices that we continuously enhance.

Range has been at the forefront of the industry in emission reductions by using cutting-edge technologies and customized engineering solutions that enable us to effectively manage emissions while improving overall production. We have demonstrated leadership in our engagement of peers and partners across the supply chain and community to help achieve emissions reduction goals.

As a company, our commitment to doing things right is a challenge and goal embraced from the highest levels of the organization, including our Board of Directors, who evaluates performance in those areas on a quarterly basis. The entire Board of Directors reviews statistics and operational performance and discusses trends in data, issues to mitigate, opportunities for progress, as well as improvements and achievements.

We also rely on the support of our partners and key stakeholders to ensure that everything we do is conducted in a responsible manner that puts safety and community first.

Our collaborative approach delivers significant benefits to our employees, the communities where we operate, and the environment – all while seeking to deliver shareholder value.

While we’re proud of these important accomplishments, we recognize the importance of continuing to raise the bar at every opportunity. We fully appreciate the heightened focus and critical priorities among stakeholders to continuously challenge ourselves to be better. That’s particularly true as it relates to effectively managing emissions and water. We are a part of these communities and we hold our responsibility to safely produce sustainable natural gas in the highest regard.

Thank you for your interest in our commitments, performance and continued progress. Sincerely,

Jeffrey L Ventura Chief Executive Officer and President

4 Range Resources 2018 Corporate Sustainability Report Report Highlights

ZERO $2+ emissions $10 153% 70% billion goal million

In leasing and Range is actively Invested through Range’s water Reduction in the royalty payments working to achieve zero our corporate sharing program company’s leak in Pennsylvania emissions across giving program into is reusing 153% of ratio over the last since 2006. our operations. nonprofit and civic its own and other three years. organizations. operators water.

The Sustainable Choice

SUSTAINABLE Range established criteria that puts our environment and community first, using best-in-class technology to develop CC energy for consumers. Our natural gas is the sustainable choice.

Putting Safety First: A Goal of Zero All aspects of our operations are evaluated for safety and risk management. We employ best practices for safety procedures to help maintain an efficient, secure working environment and regularly educate and train personnel and contractors.

Connections that Matter: Community Engagement Range has created a series of public engagement opportunities, like Community Advisory Panels, to stay connected with nearly 150,000 residents, regularly sharing important updates and information about work we are doing in our operating areas.

Award-Winning Culture: Investing in Our Workforce Range was named “Best Place To Work In Washington County” and won overall Best Business in Washington County, Pennsylvania during the Observer-Reporter Newspaper’s 2018 Best of the Best contest.

Supporting Conservation: Trusted Partner Range collaborated with California University of Pennsylvania to create sustainable habitats for monarch butterflies and has partnered and been recognized by organizations like the National Wild Turkey Federation for habitat enhancement partnerships. Both efforts have been recognized by industry and conservation groups.

Philanthropist of the Year Award Range was recognized by the Washington County Community Foundation (WCCF) for the launch of a first-of its kind “Good Neighbors Fund,” providing $200,000 in funding to the non-profit to assist local fire departments and emergency management services organizations.

Range Resources 2018 Corporate Sustainability Report 5 02 About Range Resources

Range Resources: Our Journey to Sustainability Leadership Over the years, Range Resources has, and continues to, incorporate leading sustainability practices and engineering solutions into every aspect of our business. This allows our team to create value for our shareholders, protect the environment, and support the communities where we operate.

A History of Sustainability Leadership: Key Milestones

∎∎ 2009: ∎∎ 2013: ∎∎ 2018: Pioneered large-scale water recycling Invested in Compressed Natural Gas Joined the American Petroleum in Pennsylvania shale development vehicle fleet through partnerships with Institute’s Environmental Partnership, and became the first company to Chrysler and General Motors. a collaborative effort of over 40 achieve 100 percent reuse levels. companies dedicated to improving ∎∎ 2014: the industry’s environmental ∎∎ 2010: Implemented standalone performance. Became the first company to Environmental Compliance voluntarily disclose fluids used in department, adding staff and focusing ∎∎ 2019: hydraulic fracturing on a per well basis daily on training and education, Announced goal of zero emissions and provide that information to the monitoring and auditing. across our operations through public online. This is now a standard innovative emissions-reducing industry practice through FracFocus ∎∎ 2015: technologies and practices ranging and required regulation in states Honored by the National Wild Turkey from a robust leak detection where Range has significant activity. Federation with the Corporate and repair program to specialty Conservation Award for the engineering that enables enhanced ∎∎ 2011: successful habitat partnership at emission capture and control on site. Assisted President Barack Cross Creek County Park. Obama’s Secretary of Energy Advisory Board (SEAB) Natural ∎∎ 2016: Gas Subcommittee, which made Participated in Pennsylvania Governor a series of recommendations to Tom Wolf’s Pipeline Infrastructure improve the safety and environmental Task Force, aimed at identifying best performance of natural gas hydraulic practices and recommendations fracturing from shale formations. to maximize safe opportunities to transport natural gas. ∎∎ 2012: Initiated a Zero Vapor Protocol for liquids rich areas in the Marcellus shale, dramatically reducing potential emissions and enhancing safety.

6 Range Resources 2018 Corporate Sustainability Report Our Core Values

Performance: Innovation:

We are a results-driven company focused on delivering the Range has a long and clear record of pioneering innovative greatest value to our shareholders, customers, partners and solutions reflected in industry and regulatory standards. local communities. This includes our leadership on voluntary disclosures, and the This requires the commitment of each of our employees, who pioneering of water recycling and reuse technologies, which are empowered to continuously improve our operations and reduces both consumptive water needs and local truck traffic. advance our development, safety and environmental goals.

Integrity: Transparency:

Our performance is driven by the company’s commitment to Our culture is driven by a commitment to transparency and act with integrity in everything we do, from principled business accountability to our shareholders, while supporting greater decision-making to community partnerships. employee, community and partner confidence and engagement. We are deeply connected to the communities we serve and work We actively work to ensure Range stakeholders have insight every day to operate in a manner that meets or exceeds the into our operations, as well as our contributions to the economy, expectations of our stakeholders. the environment and the communities where we operate. We solicit actionable input and recommendations from community partners and always look for opportunities to improve.

Range Resources 2018 Corporate Sustainability Report 7 03 Our Approach to Corporate Sustainability

Our corporate sustainability strategy is guided by five key tenets aimed at delivering long-term, sustainable value to our shareholders, business partners and community members, as well as Range employees.

Safe & Responsible Economic Impact: Corporate Governance: Operations: Shale development is a partnership, Range and its Board of Directors are We uphold the highest standards when it from creating jobs, partnering with committed to implementing sound, comes to operating in a safe, compliant and local contractors, generating royalties transparent corporate governance ethical manner. for lessors, to providing significant tax principles that strengthen confidence and Our goal is simple: Provide a safe workplace revenues. Range works hard every day trust with our stakeholders. with zero safety incidents and zero to create economic opportunities for emissions. We work every day to achieve our shareholders, business regions, and this critical business goal. community members.

Environmental Stewardship: We are committed stewards of the T n ra environment, leveraging new technologies io n t ommunit sp to develop clean-burning natural gas to va C y a o re n ngagemen n contribute to broader emission reduction In E t c y goals and incorporating sustainable practices into our operations. l a t p E We strive to meet or exceed both n i c h o e Im s n expectations and regulatory requirements m d p o n r a a m o and seek improvement to guidelines and c r i w i t c v e procedures when we feel the standards t n

S are not high enough. E Sustainable Community Engagement: Value Our commitment to fostering thriving communities begins within the walls of C o G r ty p our company, starting with the safety P o p fe i e v or a sh r er ate S er and well-being of our employees and fo na ad r nc e y extending to the communities where we m e L it an gr live, work and support. c te e In

8 Range Resources 2018 Corporate Sustainability Report 04 Environmental Stewardship

As a dedicated steward of the We have made, and continue to make, environment, we focus on incorporating important and measurable progress in So much in our lives is made leading sustainability practices into every advancing our sustainability goals over possible by the natural gas aspect of our business. Our commitment the years through the implementation of we produce each day, and we starts at the top of our organization, with environmentally-focused programs and take pride in developing the resources strong board-level engagement and processes that support the improved that enhance everyday lives and power our world. At Range, we believe that by oversight; as well as dedicated reporting production of clean-burning natural gas. aggressively reducing emissions from metrics on critical environmental, social our operations and continuing to provide and governance (ESG) driven matters natural gas – displacing other greater across the business. Our Code of Responsible & emitting sources – we are having a Business Conduct and Ethics outlines our Sustainable Operations positive impact on global emissions policy on Environmental Compliance (EC). rates. Range has long shown a focus Over the past decade, Range has led on producing natural gas evermore Environmental Compliance is integral responsibly, and we have already made significant advancements in operational to everything we do. We have a team significant achievements – we are proud innovations that have enabled safer of experts who are responsible for to state our goal for emissions is zero. In business practices for the industry. We 2019, Range has reached an agreement guiding and overseeing the most basic are driven to constantly innovate in order with the New York Comptroller’s office to most complex operating functions to meet the changing industry demands and is committed to performing a of our business. This ensures we are for more efficient and sustainable energy 2-degree scenario analysis, which we constantly advancing the standards of will publish next year.” solutions – and we are consistently environmental performance for ourselves setting new standards for others to follow. and the industry. K. Scott Roy, Our EC department is made up of highly- Sr. Vice President We continue to leverage new, innovative knowledgeable technical experts across practices to further maximize the key operational functions who collectively opportunities natural gas provides to bring decades-worth of conservation our economy and our environment.

Range Resources 2018 Corporate Sustainability Report 9 Conservation: Conservation is a priority for Range. In collaboration with the California University of Pennsylvania’s Fish and Wildlife Program, Range has created the habitat enhancement program aimed at supporting a growing population of pollinator species like the monarch butterfly. The program is being implemented near natural gas well sites and reclamation projects. A California University representative has said: “I wasn’t surprised that Range was willing to do something, but I was surprised at the extent to which the company has been willing to do it right.”

and environmental regulatory experience. Specifically in Pennsylvania, inspections These professionals have deep ties to the are conducted by Range employees. communities in which we operate, and are Our staff ensures all work is done committed to ensuring Range delivers to permitted and applicable design against our sustainability goals. standards. Throughout development, Overseen by our senior leadership specialized staff also perform site team and Board of Directors, the EC inspections and audits to ensure all department focuses daily on training required environmental safeguards, and education, monitoring and auditing, including erosion and spill prevention as well as developing continuous measures, are implemented and operational improvements. These maintained with an eye toward safety and efforts are combined with third-party environmental protection. engagement and oversight to ensure An integral part of the surface we are meeting and exceeding industry development process is the restoration standards and compliance requirements. and reclamation of well development The EC department is embedded in all facilities. Our goal is simple: leave sites in phases of operations. All environmental the same or better condition than when inspections are performed by our work began. trained personnel that are trained

and experienced in relevant fields.

10 Range Resources 2018 Corporate Sustainability Report Sustainable Choice

Range takes great care in the production and Best Practices development of our ✓✓ Utilize ISNetworld, to connect with safe, valuable natural gas qualified contractors who meet our safety and compliance standards. resources. Day in and ✓✓ Reduced surface use by returning to existing locations day out, we operate SUSTAINABLE and drilling longer laterals. in a manner that puts CC ✓✓ Mechanical integrity assessments are performed on our environment all Pennsylvania wells 4 times a year. and community first, ✓✓ Recycle nearly 100% of Pennsylvania water; advanced using best-in-class the program to accept and recycle other shale technology to develop this important resource for operator’s water, and minimize our well costs. consumers. Our natural gas is the sustainable choice. ✓✓ Robust leak detection and repair program; all active well sites surveyed twice a year. At Range, we have a commitment to sustainable operations that ✓✓ Provide regular field tours and site visits to state and keep our people and environment safe. This includes a target federal regulatory agencies. of zero emissions across our operations through innovative ✓✓ Additional separation stages added at natural gas emissions-reducing technologies and practices ranging liquids-producing sites to stabilize and reduce VOC from a robust leak detection and repair program to specialty and hydrocarbon emissions. engineering that enables enhanced emission capture and control ✓✓ All continuous bleed pneumatic controllers are low on site. bleed. Our commitment to water recycling and water storage and ✓✓ Powers field equipment with company-produced transfer facilities has also further reduced traffic and associated natural gas to reduce emissions when possible. emissions, providing a positive impact on our air, water and ✓✓ Habitat Enhancement Program to increase community alike. conservation efforts during reclamation projects. Above all, every well we operate is monitored throughout its ✓✓ Inspections are performed by employees that are lifecycle. Before production ever begins, a traffic plan, sound trained and experienced in relevant fields. model, light pollution model and community outreach plan is ✓✓ Employ subject-matter experts in all major created and put in to place. environmental disciplines, such as air, waste, and Once development begins, active monitoring and evaluation surface activities. of well bore integrity ensures all drilling and completion activity occurs in a safe manner that protects groundwater resources. This monitoring process continues into the production phase of each well. During all phases of development, environmental compliance staff members regularly inspect each site to ensure that environmental safeguards and controls remain intact and that full regulatory compliance is maintained.

Range Resources 2018 Corporate Sustainability Report 11 Emissions Reduction Air Quality Management At Range, we focus each day on Goal of Range uses industry best practices to operating in an environmentally safe ensure we are meeting our voluntary manner, applying our core values of Zero Emissions commitments to limit and manage performance, integrity, innovation and emissions, while enhancing overall transparency to everything we do. We production. understand that immediate and long- Range achieves this in a variety of ways: term environmental opportunities are tied to the safe production of natural gas. ∎∎ Drilling – Range limits flaring when possible using standard controls and To maximize these shared benefits, select technology. Range actively works to achieve zero ∎∎ Flowback – Range implements a emissions across our operations closed-loop system on each new site and we are proud of the meaningful Range is committed to achieve zero to effectively capture emissions and progress that we continue to make emissions across our operations. eliminate the need for flaring to ensure towards this goal. we are compliant with the EPA’s green Through the development and application completion standards. Range’s engineers have taken a hands- of innovative emissions-reducing ∎∎ Temporary Water Transfer – We on, proactive approach to work directly technologies and implementation of maintain a robust water-recycling with our vendors to re-engineer aspects industry-leading best practices, Range program that relies on a network of of our facility design based on historical tightly manages its emission profile while transfer pipelines, reducing truck data and trends that we have observed. enhancing production. From facilities traffic and associated CO2 emissions. design to testing protocols, we’ve made For example, Range designed a new ∎∎ Production – We equip all our minimizing methane emissions, along thief hatch for our wet gas facilities which permanent shale production with other volatile organic compounds eliminated potential leak points. The facilities with emissions-reducing (VOCs) a priority and continue to share company has also engineered additional technologies and are constantly our efforts in the field with regulators, stages of separation to stabilize evaluating innovative methods for industry peers and partner organizations. condensate and reduce VOC and emission management though our hydrocarbon emissions in the liquids-rich An example of our industry collaboration Leak Detection and Repair (LDAR) section of the Marcellus shale. includes our participation in the American program. LDAR surveys are detailed Petroleum Institute Environmental Range reports greenhouse gas in the Compliance Demonstration Partnership. We also facilitate quarterly emissions data and reduction initiatives Reporting (CDR) submissions to meetings with other operators to to the U.S. EPA’s Federal Greenhouse the Pennsylvania Department of foster the sharing and learning of best Gas Reporting (40 FR, Subpart W) as Environmental Protection. practices. well as to the Pennsylvania Department ∎∎ Fleet – Nearly half of Range’s of Environmental Protection’s Emissions Range carefully selects and tests facility corporate fleet is made up of Inventories (AIMS and OGRE). components to minimize potential leaks, Compressed Natural Gas (CNG) and implements best-in-class technology This focused commitment to emissions vehicles the company purchased on all equipment utilized for natural gas management was highlighted in a from General Motors or Ford. Range’s production. Production facilities are recent industry scorecard on methane CNG Fleet vehicles help reduce CO2 continuously evaluated through a robust emissions management and reporting emissions by 20 percent - 30 percent leak detection and repair program, from As You Sow – a nonprofit that compared to traditional gasoline- which helps identify new and innovative promotes ESG-related shareholder powered vehicles. methods to manage emissions. It also advocacy – with Range ranking in the provides data that can boost Range’s top tier of operators. performance on emission controls and operational solutions, which includes a 70% reduction in the company’s leak ratio over the last three years.

12 Range Resources 2018 Corporate Sustainability Report Emission Reduction Results

Recent design changes have resulted in approximately 8% reduced greenhouse gas emissions from Pennsylvania and Louisiana operations over the last year. These reductions in emissions have been achieved while Range’s production levels have increased approximately 8% between 2017 and 2018.

N2O Intensity Methane Intensity CO2 Intensity GHG Intensity Operating Area Year Metric ton Metric ton Metric ton Metric ton CO2e/Mmcfe CO2e/ Mmcfe CO2e/ Mmcfe CO2e/ Mmcfe

2017 0.00047 0.2747 0.2749 0.5501 Total 2018 0.00039 0.2383 0.2478 0.4866

*Corporate Range emissions data, including data not required to be reported to EPA.

reduction in 8% greenhouse gas emissions increase in production

2017 2018

*CO2(e) Carbon dioxide equivalents

The emission reductions coupled with production data illustrate the significant improvement of intensity of greenhouse gas constituents in the PA and LA operating areas. Overall GHG intensity has improved by more than 11% between 2017 and 2018.

Range’s Methane Emissions as a percent of 2018 Natural Gas Production was 0.051%.

Range Resources 2018 Corporate Sustainability Report 13 In 2019, As You Sow ranked Range Resources third among the top 30 largest publicly traded oil and gas companies in North America based on management of water and chemicals in the horizontal drilling and hydraulic fracturing processes, scoring 20 of a possible 25 points. 3 Range’s high ranking reflects the company’s focus to align its operations with the core values of Performance, Integrity, Innovation, and Transparency, and is the result of continually deploying best management practices.

Water Program Range pioneered technology that allows standards to ensure careful management for the recycling and reuse of nearly of waste generated by our operations Range maintains a strong commitment 100 percent of the water across our During various phases of our operations, to protecting and enhancing the Pennsylvania shale operations. communities where we operate, including Range is required to develop and More recently, the company began protecting and maintaining local water implement a Spill Prevention Control recycling other operator’s water in sources, roadways and community parks. and Contingency plan (SPCC), as well Pennsylvania, helping to reduce overall as a Preparedness, Prevention, and Water is essential to shale development fresh water needs and improve well costs. Contingency plan (PPC) for each well site and serves as a critical investment into in Pennsylvania. the life of a well that will produce energy for many years. On water use for shale Water Sourcing These plans – developed and development, our goal is simple: recycle implemented by our employees and As an industry leader in developing and reuse to the fullest possible extent. consultants in accordance with applicable large-scale water recycling technologies regulations and guidelines – provide Over the years, various technologies and capabilities, Range implements detailed actions to manage and limit the and solutions have been developed a comprehensive water management impact of a potential spill. and utilized as part of the company’s plan that is strategically guided by best Our goal is always to achieve zero water management plans, enabling practices and applicable laws and incidents, however, when incidents do us to reduce our water consumption regulations. needs and, in turn, the impact on the occur, processes are in place to ensure a Fresh water for our operations is sourced environment. Nearly a decade ago, spill is immediately reported, addressed from multiple abundant, drought-tolerant and promptly remediated. sources that include public water utility companies, as well as the Ohio River and Water Recycling Susquehanna Rivers in Pennsylvania in compliance with state and regulatory commissions. Through the use of industry-leading technologies in Pennsylvania that include above-ground water transfer lines and off-site centralized water storage facilities, Range reduced our total truck trips in the state by more than 100,000 trips to locations in 2018.

153% Fluid Management Recycle rate including reuse from “Water Sharing Program” When it comes to managing the storage with other operators. and staging of both fresh and reuse water, Range follows strict industry

14 Range Resources 2018 Corporate Sustainability Report 2018 Flowback and Produced Water

Reuse % Play Generated (bbl) Reused (bbl) Reuse % (including reuse from other operators)

Marcellus/Utica/ 9,992,458 9,948,521 99.56% 153% Upper Devonian

Northern Louisiana 14,879,600 - 0.00% 0.00%

2018 Aggregate Water Used for Completions Operations

Reused (bbl) including other Play Fresh Water (bbl) Total (bbl) operators water

Marcellus/Utica/ 18,351,512 15,276,917 33,628,429 Upper Devonian

Northern Louisiana 3,326,924 - 3,326,924

2018 Share of Water Sources Used for Operations

Flowback, Produced Reuse Water Surface Fresh Municipal Play & Containment Water From Other Operators Water % Fresh Water % Reuse* % %

Marcellus/Utica/ 28.6% 26.0% 29.6% 15.8% Upper Devonian

Northern Louisiana 100.0% - na* na*

*Rainwater collected in site containments is typically fresh, but is categorized under PA DEP waste code 899 and managed as such. These volumes are included in Flowback, Produced, and Containment Water category.

2018 Fresh Water Intensity

2018 Operational Fresh Water Intensity

Fresh Water Intensity 0.320 gal/MMBTU

Range Resources 2018 Corporate Sustainability Report 15 of hydraulic fracturing to test well bore integrity, ensuring the multiple layers of steel casing and cement system are fully secure, preventing any fluid or methane from escaping the wellbore.

Hydraulic Fracturing Fluid Disclosure Hydraulic fracturing, coupled with FracFocus, a national disclosure registry advancements in horizontal drilling for oil and gas exploration founded by technologies, has enabled historic levels the Ground Water Protection Council of clean, abundant, reliable and secure and the Interstate Oil & Gas Compact American natural gas production. Our Commission. For a typical shale well, the commitment to transparency, a core fracturing fluid is 99.9% water and sand, Range value, led us to become the first the rest is a blend of common additives. company to voluntarily disclose the fracturing fluid for each completed well The company’s disclosure initiative on our website. provides regulators, landowners and Water Protection citizens an account of the highly-diluted Range complies with state regulations by additives used at each well site, along At Range, we are committed to the providing a well-by-well disclosure of a with their classifications, volumes, protection of our shared water sources. completed well’s fracturing fluid through From baseline pre-drill testing of dilution factors and common, everyday water supplies to frequent wellbore purposes. integrity assessments, our best practice Range does not use diesel fuels as Range’s typical approach ensures that water is protected defined by the EPA, or BTEX in any of our fracturing fluid is throughout the lifecycle of development. hydraulic fracturing fluids. Range ensures the casing and cementing design for each well meets or exceeds 99.9% industry standards and regulations. sand and water. Before operations even take place, Range tests water sources within a 2,500 foot radius of a well site prior to drilling in Pennsylvania. These tests are Many of us have grown up here and are raising our families here. conducted by an approved, third-party We share a love for the outdoors, from hunting to conservation. company, and the results are sent to the landowners, state regulatory agencies We have always made it a point to minimize the impact our work has and kept on file with Range. This data on the environment and constantly seek opportunities to do more to ensures that all stakeholders have access improve our local communities. We value the important partnerships to more information about their water we have formed with local conservation organizations such as resources and baseline water quality Pheasants Forever and National Wild Turkey Federation, among before drilling takes place. others. These Partnerships are helping us achieve our restoration and Active monitoring and evaluation of habitat enhancement goals.” well bore integrity also ensures that drilling and completion activity occurs Jeremy Matinko, in a safe, isolated environment that Director of Environmental Compliance protects groundwater resources. In the Marcellus region, for example, Range utilizes several techniques in advance

16 Range Resources 2018 Corporate Sustainability Report 05 Safe & Responsible Operations

Range upholds the highest standards when it comes to operating in a safe, compliant and ethical manner. We ensure each and every one of our employees understands the important role they play in making safety one of our core values, a top priority.

When it comes to safety, *Oil & Gas our goal is simple: Range Resources Health and Safety by the Numbers - 2018 Calendar Year Industry zero safety incidents. Averages Range’s Corporate Safety Mission guides Total recordable incident rate (TRIR) 0.58 1.0 our employees to Days away/Restricted/Transferred (DART) 0.23 0.6 ensure they are upholding the highest standards of safety *Latest data from the Bureau of Labor and Statistics (2 017 ) while on the job. Range operates in a safe manner, complying with all regulations, and focusing on protecting our environment, our people and the communities where we work.

Safety Culture Safety is a core value and important pillar of our business. Every aspect of our operational activity focuses on safety and risk management. We employ best practices for safety procedures to help maintain an efficient, secure work environment. Range uses a combination of training and safety meetings to continuously educate and improve situational awareness for personnel and contractors. In addition to trainings, Range maintains a dedicated group of Safety Specialists who proactively visit our facilities and sites to identify opportunities for safety improvement. These specialists also interact routinely with our contractors and service providers to maintain a high level of safety awareness in the field. Range is open and proactive in our efforts to mitigate safety incidents and impacts. To measure and continuously improve the

Range Resources 2018 Corporate Sustainability Report 17 company’s safety and environmental Community Safety performance, Range uses a data-driven Safety is a core value approach to track our progress against At Range, we understand the unique our broader safety goals. In fact, Range responsibility we have to the communities that is engrained in every holds an annual “Safety Week” for where we operate, and work hard aspect of our business at Range. employees, contractors and to ensure that all of our activities are We pride ourselves on our first responders. conducted in a manner with the least safety record, which is driven by possible inconvenience to the community. Range also compares this statistical data our commitment to protecting against OSHA’s criteria for determining The company maintains a robust our employees, contractors rates for injuries and incidents that outreach team that works with a variety and the communities where of stakeholders including citizens, result in lost time or restricted duty. In we work. We make significant nongovernmental organizations, local and addition, we evaluate our performance investments in training programs against applicable industry peers and state government officials, area school other industrial groups, ensuring we districts, first responders and others to and resources each year to are constantly striving for top tier safety promote a safe operating environment. ensure our employees and performance. This includes a Response Center partners are equipped with the Contractors and vendors are likewise which provides easy access to necessary knowledge and skills held to the same high safety standards. Range personnel and delivers timely to help maintain a safe working As part of this mandate, we monitor information to communities across our environment.” these partners to make certain that operating footprint. We also manage five Community Advisory Panels in proper procedures are maintained and Don Rankin, that contractors comply with regulatory Pennsylvania made up of 35 local VP of Safety requirements and guidelines. individuals from various backgrounds in the company’s core operating region. Range’s contractor management program is another way that Range As part of our commitment to stay promotes safety. The program verifies connected to the community, we that contractors maintain a viable safety regularly attend or host public meetings We also focus on efforts to mitigate light, program through audits to ensure in municipalities where there are planned sound and dust pollution by using the that contractors are operating safely or current operations underway. following resources: on Range locations. Range utilizes Each year, Range directly engages ∎∎ Equipment is provided and positioned an industry recognized system called more than 150,000 people at hundreds to ensure that lighting on our locations ISNetworld to collect and update of events and makes more than15,000 is adequate to properly lightly the work contractors’ safety performance and notifications specifically related to our areas and not pose a nuisance to the safety programs/procedures, allowing work schedule. These efforts help surrounding community. Range personnel to constantly monitor maintain clear and open communications ∎∎ Develop traffic coordination plans the information. with communities across Range’s with school districts and local operating areas. municipalities. In addition to sharing information, we As part of our focus on building strong strive to manage all aspects of our community partnerships, Range also operations in the community to ensure works with first responders to develop the utmost safety of residents. This customized well site training to best includes traffic management practices, prepare them in case of an emergency. which include specialized training for our workers and collaborating with local We develop and distribute Safety governments and safety officials to Communications such as alerts and develop traffic coordination plans. flashes when appropriate to address potential incidents and to help educate personnel and prevent future occurrences.

18 Range Resources 2018 Corporate Sustainability Report 06 Community Engagement

At Range, our commitment to fostering thriving communities is driven by our employees and begins within the walls of our company, starting with the well-being of our employees and extending to the communities where we live and work.

To advance this commitment, Range has These organizations include: Magee established civic engagement programs Women’s Research Institute and Philanthropy Award that are designed to have long-term Foundation, Senator John Heinz positive impacts on organizations within History Center, Washington County our core operating footprint. Community Foundation, United Way The Range Corporate Partnership of Washington County, Kimbell Art platform takes a long-term perspective Foundation, Dress For Success, and aims to build relationships with 2000 Turkeys, Greater Washington those who seek to enhance the standard County Food Bank , Southwest Corner of living in our community. This platform Workforce Development, Washington provides support through direct Health System, Dollar Energy Fund, monetary investments, collaborations Washington County Conservation with our non-profit partners and District, Meadowcroft Rockshelter and employee volunteerism. Historic Village. In 2018, Range was recognized Over the years our corporate by the Washington County giving program has invested over Investing In Our Community Foundation (WCCF) $10 million into nonprofit and civic with their Charles C. Keller Award organizations in the areas where we Communities for Corporate Philanthropy. Range partnered with WCCF operate, with over 10,000 employee As a company, we share and are to launch a first-of-its kind hours spent delivering valuable committed to supporting common “Good Neighbors Fund” with resources and a helping hand to our community goals: quality schools, $200,000 in funding to the non- local communities. On average, the opportunity-creating economic growth profit. The fund was created to company contributes to over 300 and a healthy and safe environment. nonprofit organizations per year, assist local fire departments Range’s community giving is focused serving a variety of needs. and emergency management on five core areas:Education and Youth services organizations in our core Our employees and Board of Directors Activities, First Responders, Community operating area. are members of a diverse number of Services and Enrichment, Health and leading local organizations, which helps Wellness, and Conservation. us stay connected and enables to us to With these core areas in mind, our civic extend our support of the community. engagement programs and initiatives – led overwhelmingly by our local employees, along with support from our regional vendors and suppliers – create long-term, sustainable and positive community impacts.

Range Resources 2018 Corporate Sustainability Report 19 Invested into Spent helping Nonprofit nonprofit 10,000+ our local organizations $10M+ and civic employee communities 300+ are contributed organizations hours to each year

Education and Youth Activities: Range’s longstanding partnerships with local school districts provide grant programs, hands-on training and $100,000+ mentorship, and the launch of a STEM in grant program funds have based grant program for students in been delivered to area schools Washington County, PA. in the last two years.

First Responders: In 2018, Range proudly established the Range Resources Good $200,000+ has been invested in this Neighbors Fund in partnership with program by Range in its first the Washington County Community Foundation (WCCF). two years.

Community Services and Enrichment: Range launched an annual food drive 85+ four years ago to benefit the Greater Range employees Washington County Food Bank’s 2000 volunteered their time Turkeys Campaign, which helps provide for this effort In 2018. a Thanksgiving meal to families in need in Washington County.

Health and Range has sponsored and participated in the Southpointe development of several CFF programs, and Corporate Cup Wellness: in 2018, was awarded the prized Southpointe Corporate Cup in honor of employees who Range is a long-time partner of participated in several sporting competitions to the Cystic Fibrosis Foundation of Western Pennsylvania. raise more than $92,000 for this important cause.

20 Range Resources 2018 Corporate Sustainability Report Investing in Our ∎∎ Employee Match program in which donations made by an employee up Award-Winning Culture: Workforce to a certain amount are matched by Range’s continued growth Our business is only as strong as the the company. and success depends on human capital that we retain and grow. attracting and retaining high- Range’s commitment to building a strong quality employees. We place sense of community starts within our Our employees are the great importance on fostering a internal ranks. lifeblood and core to our workplace where our employees Range employees are expected to success as a company, can thrive. make a difference both individually and which is why it is so important As a result of this commitment, collectively – and they are rewarded that we foster a culture where we have received a number of for our collective success. This is they have the ability to grow accolades, including: why we invest in the professional and and thrive. In addition to ∎∎ Consistently voted the “Best personal health and development of our attracting and retaining the employees through: Place To Work In Washington best talent, we seek to provide County.” ∎∎ Regular educational and training opportunities for employees to opportunities to help advance their ∎∎ Awarded make meaningful contributions careers and keep them safe. overall Best to our business at the Business in ∎∎ Contributions to encourage healthy enterprise level both within Washington living, partially covering costs County for health membership fees, and the walls of Range and in the during reimbursement for costs associated community.” the Observer-Reporter with recreational sports leagues. Newspaper’s Best of the Best ∎∎ Flexible year-round schedules and Juli Basinger, contest. Dress for Your Day Attire Policy. VP, Human Resources

∎∎ The ability of each employee to use up to two full-days of regular work time to volunteer at a non-profit of their choice.

Range Resources 2018 Corporate Sustainability Report 21 For many years, Range Resources has played a key role in helping to advance important educational programs and opportunities for our students across Washington County. As opportunities in STEM disciplines continue to grow, we are increasingly focused on helping to build our students’ knowledge and skills in these fields. We are especially grateful to Range for developing an innovative STEM grant program that not only delivers funding for teaching scholarships, but also includes hands-on learning opportunities and resources to help spark students’ interest in STEM.”

Tom Samosky, Principal, Trinity High School

22 Range Resources 2018 Corporate Sustainability Report Developing Female Range’s Dori Ginn, Sr. Vice Leaders President - Controller & Principal Accounting Officer, was Motivated by a desire recognized by Hart Energy as a to create mentorship opportunities for women in the community, a group of female employees at ”Top 25 Range hosts an annual Junior Athena Workshop. Influential Women In partnership with the help of POWER, a women’s in Energy” in 2018. Dori credits her hard professional development work, personal development and organization, Range invited high school juniors, seniors and educators to being adaptable to her success in participate in a workshop with a diverse group of local professional women that the oil and gas industry. covered topics ranging from career aspiration and lessons learned, opportunities to make connections, and barriers to success that face women of all ages.

Diversity & Inclusion United Way Campaign Range places a high value on the Range’s commitment to diversity also different talents and experiences extends to our Board of Directors. We our diverse workforce brings to the consider candidates for the Board workplace, not only inclusive of culture, regardless of gender, ethnicity and nationality and heritage, but also in national origin. terms of diversity of thoughts, ideas and Any search firm retained to assist the viewpoints. Governance and Nominating Committee Range Resources has been Range supports the cultivation of a is advised to seek out diverse candidates a recipient of the United Way diverse workforce by: from traditional and nontraditional Chairman’s Award, a recognition groups to ensure we are attracting the ∎∎ Offering both instructor-led and of the top five most successful best talent. online training opportunities to campaigns in Washington County, establish awareness, encourage In fact, Range Board member Brenda every year since 2009. discussion and cultivate Cline was named one of the “Most Range has raised over $1 million understanding and acceptance. Influential Corporate Directors” by for community programs and Women Inc. Magazine for 2018, which is a services through United Way ∎∎ Leveraging a broad recruiting testament to the caliber of our leadership campaigns since 2007. The United outreach program to increase the at Range. Way funds are raised through pool of qualified candidates from Range’s employee campaign diverse backgrounds. and the company’s golf outing, ∎∎ Hiring, training, retention and which includes donations from our development decisions based on generous service partners. merit, qualifications and abilities to ensure all industry backgrounds and talents have an opportunity to join our team.

Range Resources 2018 Corporate Sustainability Report 23 24 Range Resources 2018 Corporate Sustainability Report 07 Economic Impact

Energy production is a partnership and our company works every day to create economic opportunities for our region, community members, and shareholders. Shale development continues to have a significant and positive impact on the U.S. economy, increasing domestic energy supply, improving security, delivering consumer savings, creating good-paying jobs, and making our country’s manufacturing sector more competitive.

By-the-Numbers: Range has delivered significant economic benefits to communities across Pennsylvania

$2+ $90+ $180 billion million million in leasing and royalty in leasing, royalty and in impact fees in payments in Pennsylvania impact fee payments to Pennsylvania since 2006. Washington County and since 2011. its municipalities.

The natural gas industry is directly Community Business Pennsylvania Leasing increasing U.S. GDP, providing significant tax and impact fee revenues, and Partnerships & Royalties helping family-operated farms across We value local business partnerships, Shale development is a partnership that Pennsylvania. Range continues to work and we are proud of our strong record goes beyond Range and its contractors; collaboratively with policymakers to of working with local businesses across it’s a partnership with the communities. ensure that we’re fully maximizing the our areas of operation as well as These partnerships have brought broad-based benefits. domestically-based companies. great opportunities for lessors, local To that end, we are constantly Natural gas is benefiting manufacturers governments and community members. seeking opportunities to enhance the and business across the United States, Since 2006, Range has paid more than communities where we work through job through affordable energy costs and $2 billion in leasing and royalty payments creation, local contractor partnerships, increased demand of industry products. across Pennsylvania. and royalties for landowner partners, as We do this through a number of ways, The majority of those dollars were well as providing significant tax revenue including a comprehensive Contractor distributed in Range’s core operating for the states where we live and work. Management Plan, which maximizes area of Washington County, where a We track our economic impact on our shared benefits and helps to improve local total of $1.6 billion dollars has gone to communities to ensure we continue to employment and economic opportunity. landowners. improve and build on the opportunities to A significant amount of those dollars has enhance the well-being and prosperity of been directly paid to local governments. these local economies. Washington County has received more than $40 million from county-owned properties that have been leased,

Range Resources 2018 Corporate Sustainability Report 25 including Cross Creek County Park, where Pennsylvania, as most other states refer Range has drilled more than 30 wells. to this payment as a severance tax. Washington County Recently the county was able to build and In Pennsylvania, the oil and gas industry continues to thrive thanks open a new boat launch and recreation has paid nearly $1.5 billion in impact fees in large part to the contributions area in Cross Creek using funds that since the inception of the fee. of important businesses like originated almost exclusively from royalty Specifically, Range has paid more Range Resources whose payments from wells Range drilled. towards Pennsylvania’s impact fee The county is also constructing a new significant investments have than any other operator, totaling over played a vital role in supporting “Discovery Cove” feature at Cross Creek, $180 million in total fees since 2011. which will include a boardwalk, trail and our local economy, parks and fishing pier at the public park. This money has been used to build new communities. Range has always bridges, improve community parks and support first responders along been a leader – not only as an Pennsylvania Impact with funding important initiatives like innovative producer of natural environmental projects and housing gas, but as a company that Fee and Taxes initiatives. has driven important economic Impact fee dollars directly benefit development and growth that areas with the most shale development continues to deliver benefits to activity. Washington County, Range’s our region.” core operating area, has received approximately $50 million since 2011, leading all Pennsylvania counties in Jeff Kotula, funds received. President, Washington County Some municipalities in Washington Chamber of Commerce County have received more than $500,000 each year in impact fee dollars largely due to Range’s activity in the region. The Impact-fee model is unique to

26 Range Resources 2018 Corporate Sustainability Report 08 Corporate Governance

Range and its Board of Directors are committed to implementing sound, transparent corporate governance principles. Approved by the Board, our guidelines, along with the Certificate of Incorporation, By-Laws, Board Committee Charters and Code of Business Conduct and Ethics, form the framework for governance of the Company.

Commitment to Codes of To assure their ability to focus on issues Marcellus Shale Coalition, Independent involved in overseeing the Company, Petroleum Association of America, Business Conduct and service on the boards of other American Exploration & Production Ethics companies is limited to a reasonable Council, US Chamber of Commerce number, as may be determined from and the National Association of For over four decades, Range has built time-to-time in the Board’s judgment. Manufacturers. a reputation of transparency, innovation, For more information on our Boards of performance and integrity. Our success Directors, please see the Corporate is rooted in our adherence to core Governance section of the Range principles that govern the business and Reporting and website. we require our subsidiaries, contractors, Disclosure directors, officers and employees to Range files all public reports and comply with all laws applicable to our Political Engagement information concerning the PAC with the business operations. appropriate Pennsylvania governmental We also insist that our personnel follow & Contributions authorities. Range’s Board of Directors a Code of Business Conduct and Ethics, Range is committed to maintaining receive a report regarding the PAC’s crafted around our core values and the highest ethical standards when it recent activities and other political designed to embody ethical transparency engages in political activity. We believe it spending by the Company at each of the and compliance with the law. is important to constructively participate Board’s regular meetings. We believe in the political process to further the that this Board oversight is consistent best interests of our stockholders, while with good governance practices. benefiting the communities where we live and work. Our approach to political engagement is guided by this basic belief. Conflicts of Interest A conflict of interest exists when you, knowingly or unknowingly, engage in Trade Associations any activity that may compromise you, One of the ways Range engages in the another employee, or the Company in its policy-making process is by participating relationship with a customer, vendor, Governance Structure in various business and industry forums or competitor. and trade associations. We believe The Board of Directors is comprised Employees shall not engage in these activities help to create a positive of individuals who meet high personal any activity, practice, or act which understanding of, and appreciation for, and professional standards. Directors conflicts with, or appears to conflict the oil and natural gas industry and the are expected to have experience in with, the interests of the Company, its critical role the industry plays regionally management, policy-making and/or customers, or vendors. We encourage and nationally. finance and, when possible, to have full disclosure of any potential conflict of experience in the oil and gas industry The Board of Directors reviews interest to a supervisor or to the Human or related fields. Directors are focused contributions made to trade associations Resources Department. on enhancing stockholder value and and organizations at their regular are able to dedicate sufficient time to meetings. Range is an active member effectively carry out their duties. of several trade associations, including:

Range Resources 2018 Corporate Sustainability Report 27 09 Appendix

Performance Metrics

Economic 2018

GAAP Revenues $3.3 billion Non-GAAP Revenues $3.2 billion Wells Drilled in 2018 98 Average Daily Production Natural Gas (mcf) 1,501,604 Average Daily Production NGL (bbl) 105,001

Average Daily Production Oil (bbl) 11,585 Average Daily Production Gas equivalent (mcfe) 2,201,117

Proved Reserve Value (PV10) $9.9 billion Health and Safety 2018

Total recordable incident rate (TRIR) 0.58 Days away/Restricted/Transferred (DART) 0.23 Water 2018

Flowback and Produced Water Reuse for Operations Marcellus/Utica/Upper Devonian (%) 153% Total Aggregate Water Used for Completions (bbl) 36,955,353 Share of Surface Fresh Water Used for Operations Marcellus/Utica/Upper Devonian (%) 28.6% Share of Municipal Fresh Water Used for Operations Marcellus/Utica/Upper Devonian (%) 26.0% Share of Flowback, Produced, and Containment Water Reuse* Used for Operations Marcellus/Utica/Upper Devonian (%) 29.6% Share of Reuse Water from Other Operators Used for Operations Marcellus/Utica/Upper Devonian (%) 15.8% Share of Surface Fresh Water Used for Operations Northern Louisiana (%) 100.0% 2017 Operational Fresh Water Intensity (gal/MMBTU) 0.320

Emissions

N2O Intensity Methane Intensity CO2 Intensity GHG Intensity Year Metric ton CO2e/MMcfe Metric ton CO2e/MMcfe Metric ton CO2e/MMcfe Metric ton CO2e/MMcfe

2017 0.00047 0.2747 0.2749 0.5501 2018 0.00039 0.2383 0.2478 0.4866

28 Range Resources 2018 Corporate Sustainability Report Company Leadership

Board of Directors Brenda A. Cline, Director Steve D. Gray, Director Steffen E. Palko, Director Director Since: 2015 Director Since: 2018 Director Since: 2016 Range Resources Corporation Range Resources Corporation Range Resources Corporation Committee Membership: Committee Membership: Committee Membership: Audit Committee Compensation Committee Compensation Committee Governance & Nominating Committee

Christopher A. Helms, Director Jeffrey L. Ventura, CEO & President Anthony V. Dub, Director Director Since: 2014 Range Resources Corporation Director Since: 1995 Range Resources Corporation Committee Membership: Range Resources Corporation Committee Membership: Dividend Committee Committee Membership: Compensation Committee Audit Committee Compensation Committee Greg G. Maxwell, Chairman Director Since: 2015 James M. Funk, Director Range Resources Corporation Director Since: 2008 Committee Membership: Range Resources Corporation Audit Committee Committee Membership: Dividend Committee Compensation Committee Governance & Nominating Committee

Senior Management Jeffrey L. Ventura David P. Poole CEO & President Sr. Vice President General Counsel & Corporate Secretary Dennis L. Degner Sr. Vice President Chief Operating Officer Alan W. Farquharson Sr. Vice President Reservoir Engineering & Economics Mark S. Scucchi Sr. Vice President Chief Financial Officer K. Scott Roy Sr. Vice President

Dori A. Ginn Sr. Vice President Controller & Principal Accounting Officer

Range Resources 2018 Corporate Sustainability Report 29 30 Range Resources 2018 Corporate Sustainability Report Range Resources 2018 Corporate Sustainability Report 31 RangeResources.com

32 Range Resources 2018 Corporate Sustainability Report