Click map for details Proved Reserves at YE 2006: 632 Bcfe Proved Reserves at YE 2005: 549 Bcfe Daily Net Production in 2006: 115 Mmcfe Daily Net Production in 2005: 83 Mmcfe 2007 Cap Ex - Budget: $276 million 2006 Cap Ex - Actual: $292 million Percent Gas: 54%   The Southwest division encompasses two operating groups.   Permian – This group operates properties in the North Texas Barnett Shale play, as well as East and West Texas and New Mexico.  Since entering the play in 2005, the team has acquired more than 100,000 acres in the Barnett Shale and has driven production to more than 120 Mmcfe per day.  In certain areas, the Barnett team has cut drill time by two-thirds, to as little as 10 days from spud to rig release.  The team’s excellent performance along with high-quality properties located primarily in the core of the play, make the North Texas Barnett Shale one of the lowest cost, highest rate-of-return projects in the Company.  In addition, this group operates oil properties in West Texas and is currently testing a deep, exploratory play in East Texas.  Midcontinent – This team has been focused on exploring and developing stacked pay opportunities in Oklahoma and the Texas Panhandle.  Most recently, the team has announced commercial wells in the St. Louis Lime play of the Texas Panhandle as well as several successful horizontal wells in the Woodford Shale in Oklahoma, where Range owns 17,000 net acres.  In the first half of 2009, this group reported a new record net production rate of 57 Mmcfe per day.   2004 2005 2006 Capital Spending $57 million $103 million $292 million Wells Drilled 100 gross (91.3 net) 126 gross (113.7 net) 177 gross (162.7 net) Wells Producing 1,705 gross (1,353.0 net) 1,816 gross (1,373.3 net) 2,163 gross (1,758.0 net) Average Daily Gas Production 28.9 Mmcf 33.6 Mmcf 62.4 Mmcf Average Daily Oil & Liquids Production 7,277 barrels 8,214 barrels 8,752 barrels