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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 pursues an organic growth strategy at low finding costs by exploiting its inventory of more than 12,000 low-risk development drilling opportunities. A large portion of the Company’s drilling inventory consists of unconventional resource plays targeting shales, coal bed methane and tight oil and gas reservoirs. Our “Big Three” projects – Barnett Shale, Marcellus Shale and the Nora Field – represent between 18-26 Tcfe in unrisked resource potential based on current estimates, or up to 10 times our existing proved reserve base.
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| Capital
Spending |
$297 million |
$605
million |
$1.8
billion |
| Wells
Drilled |
841 gross
(594 net) |
1,017
gross
(704 net) |
634
gross
(490 net) |
| Wells
Producing |
14,547 gross
(10,687 net) |
15,711
gross
(11,396 net) |
15,711
gross
(11,396 net) |
Average
Daily
Gas Production |
173 Mmcf |
206
Mmcf |
206
Mmcf |
Average
Daily
Oil & Liquids Production |
11,077 barrels |
11,647
barrels |
11,647
barrels |
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