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Range Resources to draw on existing facility for purchase of Barnett Shale properties
By Sara Rosenberg
New York, Dec. 10 - Range Resources Corp. plans to use borrowings under its existing credit facility to fund the acquisition of producing and nonproducing Barnett Shale properties for $305 million from DTE Energy Co., according to a news release.
The transaction is expected to close in January.
Range Resources is a Fort Worth, Texas-based independent oil and gas company.
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