1. Hart Energy Energy Capital Investment Symposium Jeffrey L. Ventura President & Chief Operating Officer June 3, 2009 RANGE Resources

5. Natural Gas Outlook – Where is Supply Headed? If Rig Count Drops To Year 2009 Y-O-Y Impact Dec. ’09 Y-O-Y Exit Rate Impact 600 -3% -13% 700 -2% -11% 800 -1% -9%

6. Natural Gas Outlook – Price Rebound $13.58 – July 2008 NYMEX Spot Price $8.00 $7.00 $3.63 – March 2009 As the supply side corrects, gas prices will increase to the “marginal cost” of development

7. Natural Gas Outlook – Price Support

13. Mmcfe/day 2003 2004 2005 2006 2007 2008 25 Consecutive Quarters of Production Growth 10% Year-Over-Year Growth Targeted for 2009 Consistent Growth 1Q09 Actual Guidance

14. Range – Low-Cost Producer BANK OF AMERICA - 2008 NYMEX BREAKEVEN ANALYSIS Companies include (in alphabetical order): Atlas, Berry, Brigham, Chaparral, Chesapeake, Cimarex, Clayton Williams, Comstock, Delta, Denbury, El Paso, Encore, Energy XXI, Exco, Forest, Helix, Mariner, McMoran, Newfield, Petrohawk, Petroquest, Pioneer, Plains, Quicksilver, Range Resources, SandRidge, Southwestern, Stone, Swift, Venoco, W&T, Whiting (mcfe) Range – 2 nd in 2007 and 2008, 1 st in 2004, 2005 & 2006 Median $8.03 Range Resources

17. Emerging Plays Upside 16.8 to 24.5 Tcfe Play Net Acreage Net Unrisked Resource Potential Activity Marcellus Shale ~ 900,000 acres 15 to 22 Tcfe Drilling and leasing Huron Shale 165,000 acres 0.8 to 1.5 Tcfe Drilling FW Barnett Shale – Extension Areas 42,000 acres 200 Bcfe Drilling Woodford Shale – Ardmore Basin 17,000 acres 400 Bcfe Drilling Permian – Barnett and Woodford Shales and Atoka 20,000 acres 400 Bcfe Testing

23. Nora Field – Multiple Horizon Potential CBM Tight Gas Sands Huron Shale Silurian / Ordovician Unbooked Resource Potential (Tcfe) .4 – .6 .1 – .2 .8 – 1.5 Total 1.3 – 2.3

25. Marcellus – Largest Potential of all the Shales ALL Consulting, 2008 – Estimated U.S. shale gas-in-place resources

30. “ Pennsylvania looks like a hell of a play … it has tremendous potential” George Mitchell, Founder of the Barnett Shale “ The Marcellus Shale may ultimately become the largest natural gas field in the U.S.” Chesapeake Energy “…… Marcellus ends up being the best rate of return.” XTO Energy “ ..the Marcellus appears to have the lowest breakeven costs of any of the major U.S. Shale plays.” Simmons & Co. International Marcellus Shale – What Others are Saying

33. Forward-Looking Statements Statements concerning future capital expenditures, production volumes, reserve volumes, reserve values, resource potential, number of development and exploration projects, finding costs, operating costs, overhead costs, cash flow and earnings are forward-looking statements. These statements are based on assumptions concerning commodity prices, recompletions and drilling results, lease operating expenses, administrative expenses, interest and other financing costs that management believes are reasonable based on currently available information; however, management’s assumptions and the Company’s future performance are both subject to a wide range of business risks and there is no assurance that these results, goals and projections can or will be met. This presentation includes certain non-GAAP financial measures. Reconciliation and calculation schedules for the non-GAAP financial measures can be found on our website at www.rangeresources.com. The SEC has generally permitted oil and gas companies, in their filings made with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation test to be economically and legally producible under existing economic and operating conditions. We use the terms “resource”, “potential” or “upside” or other descriptions of volumes of reserves potentially recoverable through additional drilling or recovery techniques that the SEC’s guidelines may prohibit us from including in filings with the SEC. These estimates are by their nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of being actually realized by the company.