April 1, 2010 (FinancialWire) — Range Resources Corp. (NYSE: RRC) said it has closed the first phase of its sale of tight gas sand properties in Ohio for a purchase price of around $300 million.

The company said that, as further consents to lease assignments are obtained, it expects that subsequent closings will take place covering the remaining roughly $23 million of properties.

In total, the properties include around 3,300 producing wells with net production of approximately 25 Mmcfe per day.

Texas-based Range Resources is an independent oil and gas company operating in the Southwest, Appalachian and Gulf Coast regions of the United States.

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