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Proved
Reserves at YE 2006: 1.8 Tcfe
Proved Reserves at YE 2005:
1.4 Tcfe
Daily Net Production in 2006:
276 Mmcfe
Daily Net Production in 2005:
239 Mmcfe
2006 Cap Ex - Actual:
$605 million
(excluding acquisitions)
2007 Cap Ex - Budget:
$822 million
(excluding acquisitions)
Percent Gas: 82%
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Range Resources is an independent oil and gas company with operations in the Southwestern, Appalachian and Gulf Coast regions of the United States. The Company is pursuing a growth strategy that balances the exploitation of its sizeable inventory of lower risk development drilling locations with higher potential exploration projects and a complementary acquisition effort. Four key play areas have the potential to more than triple the reserve base of the Company.
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| Capital
Spending |
$186 million |
$297 million |
$605
million |
| Wells
Drilled |
476 gross
(397 net) |
841 gross
(594 net) |
1,017
gross
(704 net) |
| Wells
Producing |
13,705 gross
(10,023 net) |
14,547 gross
(10,687 net) |
15,711
gross
(11,396 net) |
Average
Daily
Gas Production |
139 Mmcf |
173 Mmcf |
206
Mmcf |
Average
Daily
Oil & Liquids Production |
9,565 barrels |
11,077 barrels |
11,647
barrels |
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