Vinson & Elkins Reps Range In $900M Property Sale

Law360, New York (March 1, 2011, 6:17 PM EST) -- Range Resources Corp. plans to sell its Barnett Shale properties in the Fort Worth Basin — representing more than 20 percent of the Texas-based gas and oil company 's current production — to Legend Natural Gas for $900 million.

Range Resources said Monday it had signed off on the sale, which is subject to customary closing conditions and purchase price adjustments. Resource expects the deal to close in late April.

Once the sale is finalized, Legend, a Texas-based private company, would acquire 390 producing wells covering...
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