UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

RANGE RESOURCES CORPORATION

(Exact name of registrant as specified in its charter)

Delaware		001-12209		34-1312571
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

777 Main Street, Suite 800 Ft. Worth, Texas		76102
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (817) 870-2601

(Former name or former address, if changed since last report): Not applicable

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2. below):

		o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
		o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
		o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
		o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

ITEM 8.01 Other Events

          On June 8, 2006 Range Resources Corporation issued a press release announcing it had increased its natural gas position. A copy of this press release is being furnished as an exhibit to this report on Form 8-K.

ITEM 9.01 Financial Statements and Exhibits

          (c) Exhibits:

99.1 Press Release dated June 8, 2006

SIGNATURES

          Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: June 9, 2006

EXHIBIT INDEX

Exhibit Number		Description
99.1		Press Release dated June 9, 2006

EXHIBIT 99.1

NEWS RELEASE

RANGE INCREASES NATURAL GAS HEDGE POSITION

FORT WORTH, TEXAS, JUNE 8, 2006 — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that it has increased its natural gas hedge position. In particular, the Company has added significant natural gas swaps in 2007 and 2008. The 2007 natural gas swaps average $9.34 per MMBtu, with the 2008 swaps averaging $9.42. To a lesser degree, additional natural gas collars were added in the third and fourth quarters of 2006. The current hedge position is summarized below:

				Natural Gas				Oil
				Volume		Average		Volume				Average
				Hedged		Hedge		Hedged				Hedge
				(MMBtu/d)		Prices		(Bbl/d)				Prices
3Q 2006		Swaps		10,761		$6.20			400			$35.00
3Q 2006		Collars		133,283		$6.06 - $8.11			6,863			$39.83 - $49.05
4Q 2006		Swaps		10,761		$6.48			400			$35.00
4Q 2006		Collars		153,283		$6.68 - $8.88			6,863			$39.83 - $49.05
Calendar 2007		Swaps		82,500		$9.34			—			—
Calendar 2007		Collars		98,500		$7.13 - $9.99			5,800			$52.90 - $64.58
Calendar 2008		Swaps		105,000		$9.42			—			—
Calendar 2008		Collars		55,000		$7.93 - $11.39			4,000			$56.89 - $74.78

Commenting on the announcement, John H. Pinkerton, Range’s President and CEO, said, “With approximately 80% of Range’s reserves being natural gas, we have locked in outstanding prices on a significant portion of our production for the remainder of 2006 and for all of 2007 and 2008. With 15% production growth targeted for 2006 and 2007 combined with the attractive hedge prices, we anticipate generating record financial results. Importantly, the increased hedge position will allow us to aggressively pursue our growth strategy while continuing to build our financial strength.”

RANGE RESOURCES CORPORATION (NYSE: RRC) is an independent oil and gas company operating in the Southwestern, Appalachian and Gulf Coast regions of the United States.

2006-15

Contact:		Rodney Waller, Senior Vice President David Amend, IR Manager Karen Giles, Sr. IR Specialist (817)870-2601 www.rangeresources.com