Offshore staff

FORT WORTH, Texas --Range Resources Corp. has sold its Gulf of Mexico properties to a private company for $155 million.

The properties include Range's interests in 37 platforms in water depths ranging from 11 to 240 ft (3 to 73 m). At year-end 2006, Range estimated the properties contained proved reserves of 40 bcfe.

"The properties were not integral to our future growth, so we elected to monetize them," says John Pinkerton, Range president and CEO.

4/2/2007