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Proved Reserves at YE 2001: 136.0 Bcfe
Proved Reserves at YE 2002: 147.4 Bcfe
Daily Net Production in 2001: 44.1 mcfe
Daily Net Production in 2002: 43.3 mcfe
2002 Cap Ex - Actual: $21 million
2003 Cap Ex - Budget: $20 million
Percent Gas: 45%
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Click map for details
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Three key trends, the Central Basin Platform,
Midland Basin and Val Verde Basin, located in West Texas are
a mainstay of Range's developmental drilling in the region.
These moderate- to low-risk opportunities target the San Andres,
Canyon and Wolfcamp formation at depths of 4,500 to 9,000
feet. Application of advanced geoscience techniques has allowed
Range to find and execute profitable drilling opportunities
in these mature fields, which were previously considered fully
developed.
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| Capital Spending |
$4 million |
$14 million |
$21 million |
| Wells Drilled |
9 gross
(7.0 net) |
19 gross
(14.0 net) |
47 gross
(38.8 net) |
| Wells Producing |
1,161 gross
(1,045.8 net) |
1,253 gross
(970.9 net) |
1,176 gross
(1,020.9 net) |
Average Daily
Gas Production |
20.6 Mmcf |
22.7 Mmcf |
20.1 Mmcf |
Average Daily
Oil & Liquids Production |
3,798 barrels |
3,573 barrels |
3,874 barrels |
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