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Proved Reserves at YE 2001: 10.8 Bcfe
Proved Reserves at YE 2002: 16.0 Bcfe
Daily Net Production in 2001: 3.8 mcfe
Daily Net Production in 2002: 5.1 mcfe
2002 Cap Ex - Actual: $10 million
2003 Cap Ex - Budget: $11 million
Percent Gas: 31%
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Click map for details
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Range currently operates in the shallow
Laura LaVelle Carrizo/Wilcox formation of the East Texas Basin.
Over the past 10 years, the Company drilled a number of shallow,
lower risk opportunities in this formation, and recently began
conducting field studies on some deeper, higher risk/reward
projects in the area.
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| Capital Spending |
$477 thousand |
$11 million |
$10 million |
| Wells Drilled |
2 gross
(.42 net) |
3 gross
(1.4 net) |
13 gross
(10.3 net) |
| Wells Producing |
95 gross
(82.9 net) |
94 gross
(75.2 net) |
96 gross
(85.9 net) |
Average Daily
Gas Production |
.03 Mmcf |
0.6 Mmcf |
2.0 Mmcf |
Average Daily
Oil & Liquids Production |
497 barrels |
479 barrels |
532 barrels |
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