Porter Hedges Advises Franco-Nevada in the $300M Acquisition of Marcellus Shale Royalty Interests from Range Resources
Porter Hedges represents Franco-Nevada Corporation (Franco-Nevada) (NYSE & TSX: FNV) in its agreement to acquire from Range Resources Corporation (Range Resources) (NYSE: RRC) an overriding royalty interest on acreage in the Marcellus Shale for a gross purchase price of $300 million.
Based in Toronto, Canada, Franco-Nevada is the leading gold-focused royalty and stream company.
Based in Fort Worth, Texas, Range Resources is a leading U.S. independent natural gas, NGL, and oil producer with operations focused in stacked-pay projects in the Appalachian Basin and North Louisiana.
For additional information, please see the Franco-Nevada press release here.