Proved Reserves at YE 2006: 915.1 Bcfe Proved Reserves at YE 2005: 838 Bcfe Daily Net Production in 2006: 103 Mmcfe Daily Net Production in 2005: 94 Mmcfe 2007 Cap Ex - Budget: $263 million 2006 Cap Ex - Actual: $199 million Percent Gas: 92% Click map for details With a 2.3 million net acre leasehold position, the Company is targeting substantial reserves in its core coal bed methane, shale gas and tight gas sand properties located in Pennsylvania, Ohio, Virginia and West Virginia. In total, the division plans to participate in 674 (498 net) wells in 2007. Focus areas include Virginia's Nora Field, one of the premier coal bed methane fields in the country, where drilling continues to ramp up. On existing spacing, approximately 2,700 locations remain to be drilled in the field. Infill drilling is currently being tested, and if successful, has the potential to almost double the number of remaining locations. In addition, the recent transaction with Equitable Resources provides the Company with a greater working interest in the wells and pipelines and paves the way for shale exploration on this acreage. In a second area of focus, the Pennsylvania shale gas play, Range is significantly expanding drilling and leasing efforts. Our leasehold position now exceeds 470,000 net acres, and we have opened a regional office in Pittsburgh, Pennsylvania to focus on this effort. A total of 30 vertical and 15-18 horizontal wells are planned in 2007 to further test the play. Finally, the Company plans to participate in 261 gross wells in its shallow tight gas sand plays, which continue to generate low-cost, low-risk opportunities.   2004 2005 2006 Capital Spending $56 million $133 million $199 million Wells Drilled 306 gross (263.1 net) 634 gross (427.9 net) 749 gross (484.8 net) Wells Producing 10,602 gross (8,400 net) 11,920 gross (8,822 net) 12,752 gross (9,306 net) Average Daily Gas Production 48.3 Mmcf 83.5 Mmcf 93.0 Mmcf Average Daily Oil & Liquids Production 1,201 barrels 1,698 barrels 1,667 barrels