- Range Resources said it had agreed to sell four drilling rigs and related to equipment to Canada's Wilson Energy Services for $3.6m.

Chairman Kerry Gu said the company had been further exploring options to cut costs, given challenged wining new services contracts.

'I am, therefore, pleased with signing of the agreement for the sale of the drilling rigs and look forward to working with our colleagues and partners on bringing these important transactions to completion,' Gu said.

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