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BENSALEM, Pa., April 29, 2021 /PRNewswire/ -- Law Offices of Howard G. Smith reminds investors of the upcoming
May 3, 2021 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased Range Resources Corporation ("Range Resources" or the "Company") (NYSE: RRC) common stock between
April 29, 2016 and February 10, 2021, inclusive (the "Class Period").
Investors suffering losses on their Range Resources investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected].
On February 10, 2021, Pennsylvania's Department of Environmental Protection (the "DEP") announced that Range Resources had paid a $294,000 civil penalty to the agency on January 8, 2021 for violating the 2012 Oil and Gas Act. According to the DEP's investigation, "between Tuesday, July 16, 2013, and Monday, October 11, 2017, 42 of Range Resources' conventional wells were placed on inactive status but were never used again" and that several of the Company's "wells had not been in use for 12 months at the time Range Resources submitted its applications for inactive status," even though "after 12 consecutive months of no production, the well would be classified as abandoned and must be plugged." In addition to paying the DEP's civil penalty, Range Resources was ultimately required to plug the wells the agency identified as having no viable future use to remediate the issue.
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