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Range Resources Corp
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December 2016 Corporate Presentation
| Jeff Ventura | Page 28 of 11 |
November 21, 2024
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"December 2016 Corporate Presentation "
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SW PA Dry Area Marcellus 2016 Well Economics Based on Washington County well data Estimated Cumulative Recovery for 2016 Production Forecast Residue (Mmcf) 1 Year 3,039 2 Years 4,674 3 Years 5,866 5 Years 7,609 10 Years 10,392 20 Years 13,633 EUR 17,641 • Southwestern PA – (Dry Gas case) • 180,000 Net Acres • EUR / 1,000 ft. – 2.52 Bcf • EUR – 17.6 Bcf • Drill and Complete Capital $5.2 MM ($743 K per 1,000 ft.) • Average Lateral Length – 7,000 ft. • F&D – $0.36/mcf NYMEX Gas Price Rate of Return Strip - 59% $3.00 - 54% • Includes current and expected differentials less gathering and transportation costs • Strip dated 06/30/2016 with 10-year average $55.42/bbl and $3.29/mcf