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Range Resources Corp
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April 2024 Company Presentation
| Jeffrey L. Ventura | Page 34 of 11 |
May 04, 2024
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"April 2024 Company Presentation"
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Southwest Appalachia Marcellus Modeling Data Super-Rich Area ? ~100,000 Net Acres ? EUR / 1,000 ft. = 2.70 Bcfe ? 2024 D&C Cost / ft. = $910 Wet Area ? ~240,000 Net Acres ? EUR / 1,000 ft. = 3.26 Bcfe ? 2024 D&C Cost / ft. = $840 Dry Area ? ~100,000 Net Acres ? EUR / 1,000 ft. = 2.32 Bcfe ? 2024 D&C Cost / ft. = $830 Gross Estimated Cumulative Recoveries by Year Year Condensate (Mbbls) Residue (Mmcf) NGL (Mbbls) 1 19 1,976 3 2 25 3,188 553 3 28 4,133 717 5 5,650 981 10 41 8,369 1,453 20 50 11,807 2,049 EUR 60 15,797 2,742 Year Residue (Mmcf) 1 3,957 2 5,914 3 7,335 5 9,461 10 13,041 20 17,524 EUR 23,172 Year Condensate (Mbbls) Residue (Mmcf) NGL (Mbbls) 1 87 1,158 208 2 122 1,962 353 3 146 2,655 477 5 179 3,817 685 10 230 5,965 1,067 20 291 8,744 1,557 EUR 360 11,973 2,111 Note: 2024 plan costs and type curves assume 10,000 ft. average lateral length. Average SWPA NRI is ~79.5%. NGL recoveries assume 80% ethane extraction.