CANONSBURG, Pa.--(BUSINESS WIRE)--Aug. 7, 2013--
RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that the
company’s vehicle fleet is now being largely fueled by clean-burning
compressed natural gas (CNG).
Range officials were joined at its Southern Marcellus Shale Division
offices, located south of Pittsburgh, for an event attended by public-
and private-sector leaders as well as environmental and nonprofit
organizations to share ideas and discuss the numerous advantages of this
abundant, clean-burning fuel. Range now has approximately 184 CNG
vehicles in its corporate fleet, with 100 serving its growing
southwestern Pennsylvania operations.
Commenting on the announcement, Ray Walker, Range’s Chief Operating
Officer, who has converted his personal vehicle to run on CNG, said,
“Not only does compressed natural gas provide our nation with a
stronger, more balanced energy portfolio, but it enhances our national
security, our economy and our environment. Both GM and Chrysler Group
deserve a tremendous amount of credit for providing natural gas-powered
transportation options direct from the factory, and we’re proud to have
partnered with them on this exciting project.”
Added Walker: “With demand growing for CNG vehicles, consumers,
businesses of all sizes and public transit authorities across the nation
are realizing enormous cost savings while improving air quality at the
same time.”
The vehicle models purchased by Range are the Chevrolet Silverado 2500
and Ram 2500. In addition to the environmental benefits of driving
vehicles with significantly cleaner burning engines, the company
estimates that the pay back for the investment is approximately two
years.
Range’s commercial fleet order of factory-engineered CNG vehicles is the
largest single order for both Chrysler Group and GM. Representatives
from both companies participated in today’s event, announcing this
investment.
“Companies like Range Resources, who are transitioning to a natural gas
fleet, will be able to reduce operating costs and improve the
environment by switching to a cleaner burning fuel,” said Mark Karney,
Alternative Fuels Director, General Motors Fleet and Commercial. “We
anticipate that demand for CNG vehicles, including the bi-fuel Chevrolet
Silverado and GMC Sierra, will continue to grow as infrastructure
expands and as a broader array of vehicles are offered.”
“Chrysler Group appreciates the interest and confidence that Range
Resources has shown in our Ram 2500 CNG pickup,” said Jim Sassorossi,
Director of Fleet Sales, Chrysler Group LLC. “Chrysler Group is the only
manufacturer in North America to offer a factory-built compressed
natural gas-powered pickup truck. With customers like Range Resources
and the state of Oklahoma, which purchased 283 Ram CNG pickups earlier
this year, Chrysler Group is encouraged with the growing awareness in
CNG-powered pickup trucks by commercial and government fleets.”
“Range Resource is a natural gas company that is not only talking the
talk, but they are walking the walk,” said Rick Price, Executive
Director of Pittsburgh Region Clean Cities. “Range has almost 100 CNG
vehicles in this area that they are using in their daily activities and
are able to take advantage of the economics and environmental benefits
of using compressed natural gas as a transportation fuel.”
MORE INFORMATION
-
Progressive
Policy Institute: “Natural Gas Vehicles: Driving America to a
More Prosperous, Secure, and Sustainable Future: The economic,
environmental, and energy security benefits [of CNG] are enormous.”
-
Associated
Press: Natural gas vehicles making inroads; sales rising:
“Cheap and plentiful" U.S. natural gas "an increasingly attractive
option for truck companies and municipalities.”
-
The
Economist: “American commercial vehicles already use a lot of
natural gas. For several decades now, local-delivery vans, buses and
rubbish collectors…have been switching to compressed natural gas (CNG)
to lower fuel costs and to minimize their impact on the environment.”
-
Click here
to view the U.S. Department of Energy's interactive Natural Gas
Fueling Station Locations map.
-
Click here
to learn more about the Pa. Department of Environmental Protection’s
Natural Gas Vehicle Program.
RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading independent
oil and natural gas producer with operations focused in Appalachia and
the southwest region of the United States. The Company pursues an
organic growth strategy targeting high return, low-cost projects within
its large inventory of low risk, development drilling opportunities. The
Company is headquartered in Fort Worth, Texas. More information about
Range can be found at http://www.rangeresources.com/
and http://www.myrangeresources.com/.
Source: Range Resources Corporation
Range Resources Corporation
Investor Contacts:
Rodney
Waller, 817-869-4258
Senior Vice President
or
David
Amend, 817-869-4266
Investor Relations Manager
or
Laith
Sando, 817-869-4267
Research Manager
or
Michael Freeman,
817-869-4264
Financial Analyst
or
Media Contact:
Matt
Pitzarella, 724-873-3224
Director of Corporate Communications