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Range Resources Corp
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October 2016 Corporate Presentation Update
| Jeff Ventura | Page 11 of 11 |
November 23, 2024
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"October 2016 Corporate Presentation Update"
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High Quality Acreage Position – North Louisiana • ~220,000 (a) net acres of stacked pay potential in North Louisiana • Currently focused on Upper Red with optionality for additional targets • Acreage favorably located near growing Gulf Coast demand center with ample infrastructure to grow development • Results from three extension wells outside of Terryville expected by year-end (a) Includes acreage purchase option * For flat pricing, oil price assumed to be $40/bbl for 2016, $50/bbl for 2017 then $65/bbl to life with no escalation Terryville Upper Red EUR 17.5 Bcfe EUR/1,000 ft. lateral 2.3 Bcfe Well Cost $8.7 MM Cost/1,000 ft. lateral $1,160 K Lateral Length 7,500 ft. IRR* - $3.00 64% IRR at Strip as of 06/30/16 71% N. Louisiana Acreage Lower Cotton Valley – Overpressured