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Acquisitions and Dispositions (Tables) | 9 Months Ended
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Sep. 30, 2017
Business Combinations [Abstract] |
Summary of Final Allocation of Total Purchase Price | The following table represents the final allocation of the total purchase price of the MRD Merger to the assets acquired and the liabilities assumed based on the fair value at the effective time of the MRD Merger, with any excess of the purchase price over the estimated fair value of the identifiable net assets acquired recorded as goodwill (in thousands, except shares and stock price):
Purchase price: |  |  |
Shares of Range common stock issued to Memorial stockholders |  | 77,042,749 |
Range common stock price per share at September 15, 2016 (close) | $ | 39.37 |
Total purchase price | $ | 3,033,173 |
Plus fair value of liabilities assumed by Range: |  |  |
Accounts payable | $ | 55,624 |
Other current liabilities |  | 108,367 |
Long-term debt |  | 1,204,449 |
Deferred taxes |  | 547,706 |
Other long-term liabilities |  | 77,223 |
Total purchase price plus liabilities assumed | $ | 5,026,542 |
Fair value of Memorial assets: |  |  |
Cash and equivalents | $ | 7,180 |
Other current assets |  | 99,969 |
Derivative instruments |  | 152,994 |
Natural gas and oil properties: |  |  |
Proved property |  | 1,122,311 |
Unproved property |  | 1,999,187 |
Other property and equipment |  | 3,579 |
Goodwill (a) |  | 1,641,197 |
Other |  | 125 |
Total asset value | $ | 5,026,542 |
(a) Goodwill will not be deductible for income tax purposes.
Summary of Pro Forma Financial Information | The pro forma condensed combined financial information is not necessarily indicative of the results that might have actually occurred had the MRD Merger taken place on January 1, 2016. In addition, the pro forma financial information below is not intended to be a projection of future results (in thousands, except per share amounts).
| Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
| 2016 |  |  | 2016 |
Revenues | $ | 521,669 |  |  | $ | 1,080,768 |
Net loss | $ | (18,257 | ) |  | $ | (431,225 | )
Loss per share: |  |  |  |  |  |  |
Basic | $ | (0.08 | ) |  | $ | (1.77 | )
Diluted | $ | (0.08 | ) |  | $ | (1.77 | )

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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