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Range Resources Corp
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April 2024 Company Presentation
| Jeffrey L. Ventura | Page 31 of 11 |
May 05, 2024
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"April 2024 Company Presentation"
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Range Has Delineated Its Entire Acreage Position ? Since pioneering the Marcellus in 2004, Range has drilled across its Appalachian position ? ~1,500 producing wells in PA provide control data for new development activity ? Contiguous acreage provides for operational efficiencies and industry leading well costs: • Long-lateral development • Efficient water handling and sourcing • Optimization of electric fracturing fleet and existing infrastructure Track Record of Returning to Existing Pads ? Network of over 250 existing pads with an average of 6 producing wells versus capacity designed for an average of 20 wells ? Drives savings through use of existing surface infrastructure ? Over 50% of 2024 activity on existing pads, similar to recent years ? Well results after several years from returning to existing pads show no degradation in recoveries Multi-Decade Inventory of Capital Efficient Wells Southwest Pennsylvania = Existing Pad ~24 Million Lateral Feet of Undrilled Core Marcellus that Breaks Even Below $2.50 (>30 Years at Current Activity Level) Note: Highlighted areas represent townships where Range holds ~2,000 or more acres.